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Osinbajo visits US over Nigeria’s energy transition plan

Osinbajo visits US over Nigeria's energy transition plan

Vice President Yemi Osinbajo has flown to the United States of America to secure global partnerships and support for Nigeria’s recently launched Energy Transition Plan.

Osinbajo’s spokesman, Laolu Akande, made this disclosure in a statement released on Thursday morning.

Akande further informed that the meetings starting from tomorrow-the 1st of September aimed at promoting the plan and securing global support from the US government, the private sector, and other development partners.

He continued that ETWG chaired by the vice president comprises relevant ministers and other top government officials.

Recall that this publication reported that Nigeria’s Energy Transition Plan officially launched last week at a global virtual event is a homegrown, data-backed and multi-pronged strategy developed for the attainment of 2060 net-zero emissions commitment in five critical sectors: power, cooking, oil and gas, transport and industry, adding that Nigeria needs $410 billion to deliver the Transition Plan by 2060.

According to the Chairperson of the Energy Transition Plan, Osinbajo, Nigeria will need at least $10 billion per annum above business-as-usual spending for effective implementation.

The World Bank and a renewable energy organization – Sun Africa, pledged a sum of $1.5 billion each totalling an initial $3 billion investment to support the implementation of Nigeria’s Energy Transition Plan.

The Vice President’s delegation to the U.S. will include Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Works and Housing, Raji Babatunde Fashola; Minister of Power, Abubakar Aliyu; Minister of Environment, Mohammed Abdullahi; Minister of State for Petroleum Resources, Timipre Sylva and the Special Representative of the UN Secretary-General/CEO for Sustainable Energy for All, Ms Damilola Ogunbiyi.

Nigeria’s Ambassador to the United States, Dr Uzoma Emenike will also join the delegation.

According to the presidential spokesperson, while in the United States, Prof. Osinbajo will meet US Vice President, Kamala Harris; US Secretary of Energy, Jennifer Granholm; Secretary of Treasury, Janet Yellen, and President of World Bank Group, David Malpass, among others.

Akande also said the vice president is also scheduled to speak on Nigeria’s Energy Transition Plan at the Centre for Global Development in Washington DC.

The Vice President will return to Abuja early next week

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