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ARTICLE · 06 JUNE 2025

Market Intelligence Thought Leadership Award Winner

Energy Transition In Africa – A Bumpy Ride?

Energy underpins economic growth, lives and livelihoods.

NigeriaEnergy and Natural Resources

"Energy underpins economic growth, lives and livelihoods. Energy transition underpins climate response.Energy shapes geopolitics in a very direct manner. Energy also enables digital technologies, expanding ever so rapidly into every element of human activity for good or bad. Every passing day we are become aware of how important it is to get on top of the energy questions, whether we are in governments, business or just an ordinary user." These were the words of Anish De, KPMG International's Head of Energy, Natural Resources & Chemicals, in articulating the ever-increasing importance of energy transition in a world now engrossed on the subject. Nothing could be so apt in encapsulating the global journey towards transiting from a fossil fuel-oriented economy to affordable, reliable, sustainable, and modern energy for all, pursuant to the Sustainable Development Goal (SDG) No 7 of the United Nations (UN). While the world seemed to have found solutions to the question

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