The body noted that the current push towards net-zero presents a challenge to African countries like Nigeria that rely on dirtier fuels for both export revenue and domestic energy.
“As Nigeria’s oil export customers transition their own energy systems and reduce demand for Nigerian oil, Nigeria’s oil-dependent economy and government finances will be increasingly exposed to risk, which the energy transition plan does not adequately acknowledge. It said: “The new government should provide incentives that encourage tangible investments in infrastructure, human resources, technology and other areas essential to delivering on the ETP rather than taking on unsustainable debt.”
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