Minister, experts: Strong laws, regulatory reforms key to achieving net-zero, attracting investments

 

Nigeria must strengthen its legal and regulatory framework to achieve its net-zero emissions target and unlock greater investment in the energy transition, stakeholders have said.

Speaking at a climate and energy policy forum, government officials and industry experts stressed that clear, consistent laws and transparent regulations are essential to boosting investor confidence, accelerating clean energy projects, and supporting sustainable economic growth.

They noted that while Nigeria has made commitments toward reducing greenhouse gas emissions, achieving those goals will require effective implementation of existing policies, stronger enforcement mechanisms, and reforms that encourage private-sector participation.

According to the stakeholders, regulatory certainty is critical for attracting long-term investments in renewable energy, carbon markets, green infrastructure, and other low-carbon initiatives. They also called for improved coordination among government agencies to eliminate policy inconsistencies and reduce bureaucratic bottlenecks.

The Minister emphasized that a stable legal environment would not only help Nigeria meet its climate commitments but also create jobs, enhance energy security, and position the country as an attractive destination for sustainable investment.

Experts further urged policymakers to prioritize reforms that promote innovation, facilitate access to climate finance, and ensure a just energy transition that balances environmental objectives with economic development.

They concluded that robust legislation, institutional strengthening, and policy consistency remain fundamental to achieving Nigeria's net-zero ambitions while driving investment and long-term economic resilience.