Nigeria’s energy roadmap between now and 2060 is geared towards unlocking investment opportunities of over $410 billion. This was disclosed by Vice President, Senator Kashim Shettima, who said the plan is to position the nation as the heartbeat of Africa’s renewable energy revolution.

The Vice President stated this on Tuesday in Abuja when he declared open the inaugural Nigerian Renewable Energy Innovation Forum (NREIF) 2025.

“We have too much at stake. We are blessed with the minerals that power clean technologies, and Nigeria brings to the table youth, ambition, and untapped renewable potential.

“Let us seize this moment. Let us affirm that Nigeria is ready, ready to harness her resources, unlock her capital, and become the vibrant heartbeat of Africa’s renewable energy revolution,” he declared.

According to Shettima, over $23 billion will be needed to expand energy access and connect the millions of Nigerians who still live in energy poverty.

“But beyond access lies our grander ambition, which is to deliver a power system capable of 277 gigawatts of total installed capacity by 2060. This ambition demands more than investment; it demands innovation, local capacity, and commitment,” he added

The VP assured investors, development partners and other stakeholders of the government’s commitment to promoting policies that ensure a self-sustaining renewable energy market.

“We are enhancing incentives for local manufacturing, streamlining regulatory frameworks, and deepening collaboration with State Governments, investors, and development partners to de-risk private capital and accelerate the emergence of a self-sustaining renewable energy market,” Shettima stated.

Speaking further, the VP highlighted the need for Nigeria and Africa’s renewable energy supply chains to be anchored indigenously, “from solar panel assembly lines in Lagos to battery recycling hubs along our industrial corridors, Nigeria must not only participate in this revolution but lead it.”

To this effect, VP Shettima hinted at the Federal Ministry of Power’s readiness to develop policies that would lay the foundation “for a more decentralised, competitive, and inclusive electricity market.”

He urged participants to reach agreements, forge partnerships and consolidate a national roadmap that would unfold the over $400 million investment in Nigeria’s renewable energy manufacturing value chain into a reality.

“I am pleased to announce that through the engagements facilitated under this Forum, more than 400 million dollars in new investment commitments are being mobilised into Nigeria’s renewable energy manufacturing value chain.

“These include solar panels, smart meters, battery storage, and recycling facilities. These investments are projected to create over 1,500 direct jobs across multiple States and reflect growing global confidence in Nigeria’s clean energy industrialisation drive,” he disclosed.