Nigeria’s Vice President Yemi Osinbajo departed Abuja for the United States of America early Wednesday seeking global partnerships and support for Nigeria’s recently launched $410 billion Energy Transition Plan.
In a statement announcing the trip, Laolu Akande, Senior
Special Assistant to the President on Media & Publicity in the Office of
the Vice President said Osinbajo is leading Nigeria’s Energy Transition
Implementation Working Group (ETWG) on the US mission.
The Vice President will hold with meetings starting from
Thursday, 1st of September to promote the plan and secure global support from
the US government, the private sector, and other development partners.
The ETWG which is chaired by the VP comprises relevant
ministers and other top government officials.
Osinbajo had launched Nigeria’s Energy Transition Plan
officially last week at a global virtual event.
The Energy plan is a homegrown, data-backed and
multi-pronged strategy developed for the attainment of 2060 net-zero emissions
commitment in 5 critical sectors : Power, Cooking, Oil & Gas, Transport
& Industry.
Nigeria needs $410 billion to deliver the Transition Plan by
2060.
Among other highlights, the plan needs at least $10 billion
per annum above business as usual spending for effective implementation.
At the launch, the World Bank and a renewable energy
organization – Sun Africa, pledged a sum of $1.5 billion each totaling an
initial $3 billion investment to support the implementation of Nigeria’s Energy
Transition Plan.
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.
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’s delegation to the U.S. will include
Minister of Finance, Budget and National Planning, Mrs. (Dr.) 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.
The Vice President will return to Abuja early next week.
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