BUSINESS
EXPERTS PUSH INNOVATION TO ACCELERATE ENERGY TRANSITION
Energy experts and policymakers have called for greater investment in innovation and technology to accelerate Nigeria’s energy transition and achieve sustainable development goals.
Speaking at the National Energy Transition Conference on Friday in Abuja, participants emphasised the need for homegrown solutions that address the country’s unique energy challenges while reducing carbon emissions.
The Minister of Power, Mr. Adebayo Adelabu, who declared the conference open, said innovation is key to bridging the energy access gap and meeting climate commitments. “We must harness the power of innovation to develop affordable, reliable, and clean energy solutions that work for Nigeria,” Adelabu stated.
Experts at the event highlighted the potential of solar, wind, hydrogen, and advanced battery technologies in transforming the energy landscape. They called for increased funding for research and development, stronger collaboration between academia and industry, and supportive policies that encourage private sector participation.
The conference also focused on the role of digital technologies, such as smart grids and artificial intelligence, in optimising energy production and distribution. Participants agreed that innovation must be inclusive, ensuring that rural and underserved communities benefit from the energy transition.
A representative from the African Development Bank pledged continued support for innovative energy projects in Nigeria, stressing the importance of bankable projects and strong governance structures.
Stakeholders resolved to establish a national innovation hub for energy transition and to develop a comprehensive roadmap that aligns with Nigeria’s net-zero ambitions. They also called on the government to create incentives for companies investing in clean energy technologies and to strengthen the regulatory framework for the sector.
As Nigeria seeks to balance economic growth with environmental sustainability, the push for innovation is seen as critical to achieving a just and inclusive energy transition that leaves no one behind.