Governance of Natural Resources and Energy Transition in Least Developed Countries (LDCs): Lessons for Nigeria

This study examined the governance of natural resources and energy transition in Least Developed Countries (LDCs), focusing on their alignment with the Sustainable Development Goals (SDGs). It aimed to assess current practices, challenges, and opportunities for improvement in resource management and energy transitions, with a focus on the lessons Nigeria can draw from the experiences of LDCs, as Nigeria faces the dual challenge of managing its abundant fossil fuel resources and transitioning to a more sustainable energy system. The study employs a qualitative method, using an exploratory documentary research method where exploration of documents, official data, journal publications, extant literature, and articles were consulted. The study adopted sustainable development theory as a theoretical guide. Findings reveal that while LDCs have made progress in managing natural resources and adopting renewable energy technologies, significant challenges persist, which include technical challenges, inadequate regulatory frameworks, financial constraints, and societal challenges. Effective international cooperation has been crucial in providing financial and technical support, yet there are gaps in alignment with local needs and inefficiencies in resource allocation. The study highlights successful practices that can be scaled and adapted in energy transition, emphasizing the importance of increasing investment in renewable energy, and how Nigeria can navigate in energy transition and natural resource governance in securing an economic future by contributing to global efforts and sustainable development.