Vice President Kashim Shettima has announced that Nigeria’s $410 billion energy transition plan under President Bola Ahmed Tinubu is set to position the country as Africa’s clean energy leader by 2060. Speaking at the Nigerian Renewable Energy Innovation Forum in Abuja, he said about $23 billion will be required in the short term to expand power access and tackle energy poverty nationwide.

Shettima explained that the administration’s long-term goal is to develop a 277-gigawatt power system powered by innovation, local manufacturing, and private investment. He noted that the government is creating incentives, simplifying regulations, and building strong partnerships with investors and state governments to accelerate clean energy adoption.

He also revealed that over $400 million in new investments have already been secured for renewable energy manufacturing, including solar panels, smart meters, and battery storage. The initiative is expected to create more than 1,500 jobs, while recent agreements between Nigerian states, the REA, and international partners like the Dutch government mark a new phase in Nigeria’s green energy transition.