Nigeria Seeks to Diversify Energy Mix, Attract $5 Billion in Investments for Green Hydrogen Industry

Nigeria's Vice President, Kashim Shettima, has emphasized the need to reduce the country's over-reliance on volatile global fossil fuel markets by developing its domestic green hydrogen industry. This push is part of the country's efforts to transition to a more sustainable energy mix and unlock its vast potential in green hydrogen production. The NigeriaA 4H2 project, a German-supported initiative, has been evaluating the feasibility of green hydrogen-to-fertiliser production in Nigeria using renewable energy sources such as solar and wind power.

Key Takeaways:

• The NigeriaA 4H2 project aims to stimulate job creation across various sectors, including engineering, manufacturing, logistics, and research, and create 500,000 new jobs by 2035.
• The project seeks to attract $5 billion in private investments and generate $10 billion in annual revenue from hydrogen exports by 2035.
• Nigeria's green energy roadmap envisions the country positioning itself as a major producer and exporter of green hydrogen, reducing its reliance on fossil fuel markets, and attracting significant foreign direct investment.
• The Economic Commission of Nigeria has drafted a national hydrogen policy and strategy, which proposes a comprehensive framework for implementing a roadmap to attract $5 billion in private investments and create 500,000 new jobs by 2035.
• The policy aims to reduce industrial CO2 emissions by 20 percent by 2030 and generate $10 billion in annual revenue from hydrogen exports.
• The Nigeria4H2 project, initiated by the West African Science Centre on Climate Change and Adapted Land Use (WASCAL), has identified Nigeria's potential to produce over 4 million tonnes of green ammonia annually by 2060 to meet domestic fertilizer demand and establish itself as a global player in the green economy.

Statistics:

• $5 billion (targeted private investments by 2035)
• 500,000 (new jobs to be created by 2035, including in manufacturing, tech, and logistics)
• $10 billion (annual revenue to be generated from hydrogen exports by 2035)
• 20% (reduction in industrial CO2 emissions by 2030)
• 4 million tonnes (potential green ammonia production annually by 2060)
• 2035 (target year for job creation and private investments)
• 2030 (target year for 20% CO2 emissions reduction)
• 2060 (target year for green ammonia production)
• $10 billion (annual revenue from hydrogen exports by 2035)

Sources:

• Nigeria Vice President Kashim Shettima's speech at the NigeriaA 4H2 Project Results Workshop and End of Project Stakeholders Interaction
• Energy Commission of Nigeria's (ECN) national hydrogen policy and strategy
• West African Science Centre on Climate Change and Adapted Land Use (WASCAL) report on the Nigeria4H2 project