1 UKTI Market Briefing – Nigeria A Presentation at All Energy 2016 Idowu Babalola Senior Trade Development Manager UKTI Nigeria 04 - 05 May 2016
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UKTIMarket Briefing – NigeriaA Presentation at All Energy 2016
Idowu Babalola
Senior Trade Development Manager
UKTI Nigeria
04 - 05 May 2016
NIGERIA – Country Facts
• One of the MINT countries (Mexico, Indonesia, Nigeria, Turkey)
• Nigeria is the largest economy in Africa, 22nd in the World and aiming to be
among the Top 20 by 2020
• From 2011-2015 Nigeria is the 10th fastest growing economy at an average of
7%
• Population estimated at over 170 million and 2.3% growth rate (World Bank,
2011)– Population predicted to be 225 million by 2030 (Source: Next Generation Report, British Council/Harvard School of Public
Health)
• 95% of Nigeria’s Foreign Exchange earnings is from Oil & Gas
• Current risks: Global Oil price shock, Boko Haram, Niger Delta militancy, etc.
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NIGERIA – in 2050
• Nigerian among top 10 economy with projected GDP of above $6 trillion,
surpassing Germany, the United Kingdom, France and Saudi Arabia. - PWC
• Estimated population of 450 million - 3rd Most populous nation after India &
China followed by USA as 4th
Therefore Nigeria has the best combination of World Energy Council’s “ two main
drivers for energy demand……, : global economic and population growth”
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NIGERIA – in 2050
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NIGERIA – Energy Policy Developments
• 1992 – First National Energy Policy draft
• 2003 – First National Energy Policy approved
Both exercises above recognised the importance of, and
therefore incorporated the adoption of Renewable Energy
technologies and Energy efficiency practices
• 2014 – National Renewable Energy and Energy Efficiency
Policy
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• NIGERIA – National Renewable Energy and
Energy Efficiency Policy
This Policy recognises the following sources of Renewable
Energy:1. Hydropower
2. Solar
3. Fuelwood
4. Bio-fuel
5. Wind
6. Hydrogen
7. Emerging Renewable technologies eg. Tidal, Geothermal,
etc
8. (Nuclear)
• And therefore encourages the diversification of the nation’s
energy mix to include these sources above through the active
participation of the private sector.
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NIGERIA – Market Size
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UNCLASSIFIED
NameFuel
Type
Year
Complet
ed
Installed
Capacity
(MW)
Installed
Available
Capacity
(MW)
Actual Generation
Capacity (MW)
as of May 2015*
AES Gas 2001 270 267 0
AFAM IV-V Gas 1982 580 98 0
AFAM VI Gas 2009 980 559 523
ALAOJI NIPP Gas 2015 335 127 110
DELTA Gas 1990 740 453 300
EGBIN Gas 1985 1320 931 502
GEREGU Gas 2007 414 282 138
GEREGU NIPP Gas 2012 434 424 90
IBOM POWER Gas 2009 142 115 92
IHOVBOR NIPP Gas 2012 450 327 225
JEBBA Hydro 1986 570 427 255
KAINJI Hydro 1968 760 180 181
OKPAI Gas 2005 480 424 391
OLORUNSOGO Gas 2007 335 244 232
OLORUNSOGO NIPP Gas 2012 675 356 87
OMOKU Gas 2005 150 0 0
OMOTOSHO Gas 2005 335 242 178
OMOTOSHO NIPP Gas 2012 450 318 90
RIVERS IPP Gas 2009 136 166 0
SAPELE Gas 1978 900 145 81
SAPELE NIPP Gas 2012 450 205 116
SHIRORO Hydro 1989 600 480 350
ODUKPANI Gas 2013 561 70 0
Total 12,067 6,840 3,941
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NIGERIA – Market Size
In recognition of this massive shortfall, the government of
Nigeria as a matter of policy proposes to expand the market for
renewable electricity to at least 5% of total electricity
generation
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UNCLASSIFIED
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NIGERIA – Market Size
Off-grid solutions:
• According to a 2013 survey, approx. 80% of the Nigerians
use alternate sources of electricity
• Estimate of between 8 and 14 GW of decentralised diesel
generator capacity is currently installed in the country. About
86% of the companies in Nigeria own or share a generator
• about 48% of their total electricity demand is covered by
these private generators [GIZ; Mar 2015].
• With several millions of privately installed Diesel generators,
Nigeria leads Africa as a generator importer and is one of
the highest importers worldwide, with the total annual import
figure being NGN 17.9 billion (US$ 112 million).
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UNCLASSIFIED
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NIGERIA – On-going RE Projects
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UNCLASSIFIED
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NIGERIA – On-going RE Projects
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UNCLASSIFIED
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NIGERIA - Current Opportunities
• Deep Offshore Discoveries –
World-Class Multi-Billion Dollar Projects
e.g. Bonga South West (Shell), Egina (Total) etc
• Nigerian Content Developments –
Industry-wide and key to winning contracts
e.g. Nigerdock, LADOL, Onne EFZ, Marine Platforms etc
• On-shore Portfolio Divestment of the IOC’s –
The Rise of Nigerian Indigenous Producers
e.g. Seplat, Oando, Sahara, Conoil, etc
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UNCLASSIFIED
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UNCLASSIFIED
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NIGERIA – Future Opportunities
SOURCE: EIA
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UNCLASSIFIED
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NIGERIA - UKTI Contacts
• Idowu Babalola– Senior Trade Development Manager
– UKTI Nigeria
– British Deputy High Commission
– 11 Walter Carrington Crescent, VI, Lagos, Nigeria
– Tel: +234 812 810 8655
– E mail: [email protected]
THANK YOU !
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