Nigerian Vice President, Professor Yemi Osinbajo, has departed Abuja for the United States of America US early Wednesday seeking the global partnerships and support for recent launched Nigeria’s Energy Transition Plan.
The Vice President is leading Nigeria’s Energy Transition Implementation Working Group (ETWG) on US mission with meetings starting from tomorrow-the 1st of September to promote the plan and secure global support from the US government, the private sector, and other development partners.
According to the statement released by his aide, Laolu Akande, while the ETWG chaired by the VP, comprises relevant ministers and other top government officials.
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 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, Professor 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
Others are Special Representative of the UN Secretary General/CEO for Sustainable Energy for All, Ms Damilola Ogunbiyi, and Nigeria’s Ambassador to the United States, Dr. Uzoma Emenike who will also join the delegation, as the Vice President will return to Abuja early next week.