ESG trends Nigeria is forcing oil and gas companies to diversify their portfolios and invest heavily in renewable energy and cleaner technologies. This transition represents both challenge and opportunity for Nigeria's dominant industry.
Shell Nigeria has committed to achieving net-zero emissions by 2050, with intermediate targets for 2030. The company is investing in solar installations, natural gas projects, and carbon capture technologies while maintaining its traditional operations.
TotalEnergies Nigeria announced plans to invest $6 billion in renewable energy projects over the next decade. This investment includes solar farms, wind projects, and green hydrogen production facilities that will serve both domestic and export markets.
Chevron Nigeria is developing carbon offset programs through reforestation and community-based natural resource management. These programs help the company meet emission reduction targets while supporting rural development.
Nigerian National Petroleum Corporation is exploring partnerships for renewable energy development. The company recognizes that diversification beyond oil and gas is essential for long-term sustainability and competitiveness.
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