Vice President Yemi Osinbajo Yemi Osinbajo is seeking the partnership and support of the United States Government and the international community for Nigeria’s recently launched Energy Transition Plan (ETP).
Nigeria needs about $140 billion to deliver the ETP; a homegrown strategy developed for the attainment of 2060 net-zero emissions commitment in five critical sectors — power, cooking, oil and gas, transport as well as industry.
Osinbajo is expected to pitch the ETP at a meeting with the 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.
According to a statement by Osinbajo’s spokesperson, Laolu Akande, the Vice President is leading the Nigeria delegation made of ministers and top government officials to the US.
“Among other highlights, the plan needs at least $10 billion per annum above business as usual spending for effective implementation,” the statement read.
“At the launch, 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”
Expected to attend the meetings scheduled to begin on Thursday, September 1, are Zainab Ahmed (Finance); Raji Babatunde Fashola (Works and Housing; Abubakar Aliyu (Power); Mohammed Abdullahi (Environment) and Timipre Sylva (Petroleum Resources).
Others are Representative of the UN Secretary-General/CEO for Sustainable Energy for All, Damilola Ogunbiyi; Nigeria’s Ambassador to the US, Uzoma Emenike.
