• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 10, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Experts Push Policy Reforms To Boost Renewable Energy Investments

by Orjime Moses
6 months ago
in Business
Reading Time: 2 mins read
Renewable Energy
Share on WhatsAppShare on FacebookShare on XTelegram

Stakeholders in Nigeria’s renewable energy sector have called for stronger legal and policy frameworks to boost investments and accelerate the country’s transition to clean energy.

Advertisement

This was the focus at the first Legal and Policy Dialogue on Renewable Energy, co-hosted by Natural Justice, Just Energy Transition Africa (JETA), and the Renewable Energy Association of Nigeria (REAN) in Abuja.

Speaking at the event, Michael Keania Karikpo, Country Manager for Natural Justice, stressed the need for collaboration among key players to build a robust coalition for Nigeria’s just energy transition.

“We hope this will be the start of a continuous process of connecting actors in the renewable energy space, building power, and designing pathways that enhance our collective vision,” he said.

Karikpo noted that Natural Justice, which began operations in Nigeria two years ago, has been working to advance legal and policy reforms that address climate-related crises.

 

At the continental level, JETA has supported lawyers, civil society groups, and governments in shaping regulatory frameworks and increasing public participation in energy planning.

Nigeria, he said, is at an energy crossroads, with decades of electricity crises hindering economic growth. However, recent reforms—if properly implemented—could position the country as a renewable energy leader in West Africa.

To support this transition, Natural Justice has developed three key policy documents: A Model Electricity Law to enhance renewable energy’s role in Nigeria’s energy mix, a Model Legal and Regulatory Framework for subnational electricity markets and a Critical Review of the Electricity Act 2023 assessing its implications for the sector.

The dialogue explored key drivers, challenges, and financing options for renewable energy in Nigeria, as well as strategies to strengthen regulatory institutions and ensure community participation.

Lagos State commissioner for Energy and Mineral Resources, Abiodun Ogunleye, emphasised the need for clear legal and financial frameworks to attract investment in the power sector.

“The fundamental problem is the lack of financing for power development. Even when people are willing to pay, they struggle with unreliable supply,” he said.

He noted that while Lagos alone generates over 6,000 megawatts of electricity, distribution remains a challenge. A well-structured electricity market backed by strong regulations, he argued, would attract investments and improve service delivery.

RELATED

NIMR Faces Power Outage Over ₦38m Debt

GenCo Tripping Triggers National Grid Collapse — Systems Operator

3 hours ago
Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

10 hours ago

As global energy policies shift, Karikpo highlighted the need for Nigeria to explore alternative revenue sources beyond fossil fuels.

“Increasing Nigeria’s renewable energy ambition requires an enabling policy environment that supports local manufacturing of renewable energy components, not just for Nigeria but for the entire West African subregion,” he said.

Stakeholders agreed that the dialogue was just the beginning. Future discussions will focus on legal reforms, financing clean energy, strengthening climate institutions, and responsibly extracting rare earth minerals essential for renewable technologies.

 

 

Join Our WhatsApp Channel

Tags: Renewable Energy
SendShare10172Tweet6358Share
ADVERTISEMENT
Previous Post

Ramadan: REA Boss Donates Rice To Kins In Kano

Next Post

Customs Seeks CBN’s Approval For Banks Integration Into B’Odogwu

Orjime Moses

Orjime Moses

You May Like

NIMR Faces Power Outage Over ₦38m Debt
Business

GenCo Tripping Triggers National Grid Collapse — Systems Operator

2025/09/10
Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’
Business

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

2025/09/10
Agama Assumes Office As Acting SEC DG
Business

Leverage Capital Market Opportunities To Raise Funds, SEC Urges Insurers

2025/09/10
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

Guinea Insurance Premium Hits N2.94bn As Shareholders Approve Recapitalisation Plan

2025/09/10
Tourism Ministry, NIHOTOUR Partner To Upskill Tour Operators In Ekiti
Business

‘Travel Agencies’ Group Achieves 50% Self-regulatory Ecosystem’

2025/09/10
United Nigeria Plans Routes Expansion, Signs Agreement For 6 Aircraft With Southwest Airlines
Business

United Nigeria Plans Routes Expansion, Signs Agreement For 6 Aircraft With Southwest Airlines

2025/09/10
Leadership Conference advertisement

LATEST

JUST-IN: Tinubu To Address Nigerians On Independence Day

Ellison Overtakes Musk As World’s Richest Man

Women Affairs Minister Locked Out By Workers Over Alleged Poor Working Conditions 

2026 WC Qualifier: NFF Denies Rebuking Ekong, Dessers Over 1-1 Draw With South Africa

PICTORIAL: Tinubu, Macron Hold Private Lunch Meeting At Élysée Palace

Climate Change: WACT, GIVO Commission First Solar-powered Recycling Plant In Rivers

Tinubu, Speaker Abbas, SGF Hail ICRC Boss Ewalefoh At 50

Ondo Acquires 26,000 Hectares Of Land For Agric Investment

JUST-IN: INEC Recognises David Mark-led ADC

Ex-NNPCL Boss Kyari Submits Self To EFCC Over Alleged Multi-billion Dollar Refinery Fraud

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.