Abuja, Nigeria – The Federal Government of Nigeria has officially launched the Nigeria Beyond Oil and Gas Alliance (BOGA) Fund Programme, a two-year initiative aimed at strengthening economic diversification and long-term national resilience in the face of a rapidly evolving global energy landscape.
The programme, implemented by the APRI Africa Policy Research Institute gGmbH in collaboration with The Society for Planet and Prosperity (SPP), will conduct scenario analysis, transition risk assessments, and evaluate green development pathways to support Nigeria’s transition away from oil and gas dependency.
Speaking at the launch event, Director-General of the National Council on Climate Change (NCCC), Mrs. Tenioye Majekodunmi, emphasized that Nigeria’s journey beyond oil is not a retreat, but an evolution into a green energy giant.
“Nigeria’s journey beyond oil is not a retreat from our status as an energy powerhouse, but an evolution into a green energy giant,” she said. “It is a bold step towards harnessing our vast renewable energy potential, unlocking new industries, and creating opportunities for our youth and future generations.”
Majekodunmi highlighted the importance of managing transition risks and ensuring that diversification is just, orderly, and aligned with Nigeria’s development priorities and Nationally Determined Contribution (NDC) implementation. She noted that the programme will provide critical support for evidence-based policymaking, institutional coordination, and long-term economic resilience.
The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, underscored the importance of climate-conscious economic diversification, stating that the programme aligns with Nigeria’s development priorities and NDC implementation. “The BOGA Fund Programme is a critical component of our strategy to accelerate climate-resilient growth and build a robust green investment framework,” he said.
The programme’s objectives include:
– Assessing economic risks and opportunities associated with Nigeria’s evolving energy landscape
– Developing policy options to support economic diversification and long-term structural transformation
– Identifying credible green growth pathways and supporting workers and communities affected by structural change
– Translating evidence into actionable, coordinated policy recommendations
The programme will also support the development of a national green growth strategy, focusing on sectors such as renewable energy, sustainable agriculture, and eco-tourism. Additionally, it will provide technical assistance to support the implementation of climate-smart policies and regulations.
The launch event brought together senior government officials, development partners, private sector leaders, and civil society representatives, reflecting the broad national importance of this programme.
Nigeria’s message is clear: the country is not abandoning its resources, but broadening its economic base and strengthening resilience for future generations. As the world transitions to a low-carbon economy, Nigeria is positioning itself to be a leader in the green energy revolution, creating new opportunities for economic growth, job creation, and poverty reduction.
The BOGA Fund Programme is a significant step towards achieving Nigeria’s vision of a sustainable and prosperous future, and it is expected to have a lasting impact on the country’s economic development and environmental sustainability.
Source: www.climatewatchonline.com
