By Dare Balogun, 7th February, 2025
News SOCIETY WATCH following for you ; The Director General of the Energy Commission of Nigeria (ECN), Dr. Mustapha Abdullahi, hosted representatives from Curtis, a leading international law firm specializing in sovereign-state arbitration. The delegation, led by Mr. Marc Hammerson, discussed potential collaboration in Nigeria’s renewable energy sector. Hammerson highlighted Curtis’ 30-year engagement with Nigeria’s energy industry and their role in connecting investors with opportunities in renewable energy (RE). He noted that oil companies are shifting towards RE, emphasizing a billion-dollar investment potential.
Dr. Abdullahi welcomed their interest, outlining ECN’s mandate in strategic energy planning and policy coordination. He assured them of concept notes and research-backed policies, reinforcing the government’s commitment to clean energy. He cited President Tinubu’s pledge to transition 50% of Nigeria’s electricity needs to RE and highlighted the nation’s abundant lithium reserves. He also referenced ongoing projects, such as a $2 billion hydrogen and methanol plant, which promises swift returns on investment.
The discussion also addressed investors’ concerns, particularly risk factors and transparency in Nigeria’s investment landscape. Hammerson stressed the need for clear risk allocation among the government, investors, and stakeholders. Mr. Deji, a local partner, underscored the importance of firm investment commitments.
In response, Dr. Abdullahi outlined government incentives, including an executive order eliminating import duties and various policies designed to attract investors.
To advance collaboration, the DG proposed drafting an extensive Memorandum of Understanding (MoU) between both parties, ensuring structured engagement in Nigeria’s renewable energy development.
