FG Launches Plan For Energy Transition

THE Federal Government on Wednesday, launched a plan, seeking to raise $10 billion for Nigeria’s energy transition.

Speaking at the launch in Abuja, Vice President Yemi Osinbajo, said the plan was a decisive action, which the nation cannot afford to delay.

He also said Africa’s increasing energy gaps require collaboration to take ownership of the continent’s transition pathways and the action should be decisive and urgent.

He stated: “For Africa, the problem of energy poverty is as important as our climate ambitions. Energy use is crucial for almost every conceivable aspect of development. Wealth, health, nutrition, water, infrastructure, education, and life expectancy are significantly related to the consumption of energy per capita.”

“The average $3billion per year investments in renewable energy recorded for the whole of Africa between 2000 and 2020 will certainly not suffice.”