Executive Summary
The Nigerian government is committed to achieving a Just Transition for Nigerians as it launched the Energy Transition Plan (ETP) as one of the major approaches to achieving the net-zero targets by 2060; addressing climate change and building a more sustainable economy.
The transition plan for Africa largely relies on natural gas as a transition fuel; to power the continent, as it transitions away from coal, and other heavily-polluting fuels to clean energy alternatives. It is expected to become the dominant fuel both for domestic uses such as cooking and private vehicles and for industrial uses, including power generation.
Also, the African continent has seen a rapid rise in the adoption of solar energy, as the fall in costs globally has made photovoltaic solar cells more readily available. We have also seen quite a few wind energy projects spring up across the continent. Africa is now expected to significantly adopt battery energy storage systems (BESS), as it builds up these renewable energy components of its power grids.
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The Nigerian government is committed to achieving a Just Transition for Nigerians as it launched the Energy Transition Plan (ETP) as one of the major approaches to achieving the net-zero targets by 2060; addressing climate change and building a more sustainable economy.
The transition plan for Africa largely relies on natural gas as a transition fuel; to power the continent, as it transitions away from coal, and other heavily-polluting fuels to clean energy alternatives. It is expected to become the dominant fuel both for domestic uses such as cooking and private vehicles and for industrial uses, including power generation.
Also, the African continent has seen a rapid rise in the adoption of solar energy, as the fall in costs globally has made photovoltaic solar cells more readily available. We have also seen quite a few wind energy projects spring up across the continent. Africa is now expected to significantly adopt battery energy storage systems (BESS), as it builds up these renewable energy components of its power grids.
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YALIF Fellow Profile
Ayodele ONI
Ayodele Oni is a partner at Bloomfield LP, where he works to provide excellent and commercially savvy legal solutions, in connection with electricity, oil & gas projects, financing, acquisitions and restructuring.
He has a knack for creating ingenious and effective strategies to ensure the success of transactions he is involved in. Ayodele is also an active leading voice and thought leader in the development of many transformative policy changes in Nigeria, especially in the energy (oil, gas and electric power) sector. Specifically, he has played key roles in developing template documents, rules and regulations, used in the natural gas and electric power sectors.
Ayodele has also been recognized as being “in a league of his own” by the internationally renowned directory, Who’s Who Legal and has also been ranked amongst the World’s leading lawyers in the Chambers and Partners and The Legal 500. Ayodele has been actively involved in several oil and gas transactions, including the Shell divestment deals and Chevron’s divestment of interests in a number of oil mining leases. He has also advised and continues to advise on a number of marginal fields transactions (including the year 2020 marginal fields bid round) and several oil and gas acquisition, divestment and financing transactions.
Ayodele was part of the team that provided legal advisory to the Bureau of Public Enterprises on the post-privatization restructuring of the electric power sector. He has also provided legal, policy and regulatory support to the Nigerian Electricity Regulatory Commission. Furthermore, he has advised the World Bank on electric power sector related issues. Ayodele maintains a seat at the table in the negotiation of almost all major electric power sector transactions in Nigeria and remains key in the negotiation of energy (including refining and pipeline) infrastructure projects and financing transactions, across Nigeria. He has been described as being “responsive and valuable”, is noted for “excellent service” and his “keen work ethic and an unyielding commitment to quality”. He is an adjunct lecturer and author of leading energy texts.
He holds a LLB from the Lagos State University, obtained his LL.M in energy & environmental law & policy from the University Calgary. He also holds a PhD from the University of Southhampton.
