Nigeria cannot fully embrace the global shift to renewable energy without first addressing the serious energy poverty affecting millions of its people, according to the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri.
Speaking at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) 2025, Lokpobiri stressed that while the world is moving towards cleaner energy, Africa especially Nigeria must focus on ensuring its citizens have consistent and affordable energy supply before making the transition.
Energy Poverty Before Energy Transition
Lokpobiri made it clear that Nigeria’s priority should be energy access, as millions of homes and businesses still rely on generators due to poor electricity supply.
“The global transition to cleaner energy is not a bad thing, but Nigeria must solve its energy poverty first,” he said. “We cannot rush into energy transition while many Nigerians don’t even have stable power for their daily needs.”
The minister highlighted the need for a balanced approach, one that ensures Nigeria benefits from its vast oil and gas resources while gradually investing in renewables.
Local Content Key to Growth
Lokpobiri also championed the role of local companies in Nigeria’s oil and gas sector, noting that recent government policies have allowed indigenous businesses to take control of key assets.
“Nigeria’s divestment programme has empowered local firms, giving them control of oil fields and infrastructure,” he said. “This is not just about profits it’s about jobs, economic growth, and giving Nigerians ownership of our resources.”
He encouraged more investment in local talent and technology, saying that without skilled Nigerians driving the energy industry, the country will struggle to compete globally.
Africa Must Control Its Energy Financing
Another major announcement from Lokpobiri was Nigeria’s leadership role in creating the African Energy Bank (AEB), a financing institution that will provide funding tailored to Africa’s energy needs.
“For too long, Africa has depended on foreign loans and policies that don’t align with our reality,” he said. “The African Energy Bank will give us control over our energy investments and future.”
Call for Action
The minister urged African nations to work together in tackling energy poverty, pushing local content development, and securing financing for sustainable energy projects.
“The time for endless discussions is over. We must act now,” he declared. “Africa’s energy future must be built on access for our people, economic empowerment, and innovation.”
Lokpobiri concluded by reaffirming Nigeria’s position as a leader in Africa’s energy transformation, stating that the country is not just adapting to global changes but actively shaping its own future.