Nigeria’s Vice President, Prof. Yemi Osinbajo departs Abuja for the United States of America on Wednesday to seek global partnerships and support for Nigeria’s recently launched Energy Transition Plan.
Senior Special Assistant to the President on Media and Publicity(Office of the Vice President); Laolu Akande said this in a release early on Wednesday.
Leaving Nigeria this morning to lead a Federal Government delegation to Washington DC to pitch Nigeria’s #EnergyTransition Plan. I will be meeting leadership of the US Government, leadership of the World Bank and private sector players. pic.twitter.com/KRJ79qTRjj
— Prof Yemi Osinbajo (@ProfOsinbajo) August 31, 2022
According to Akande Prof. Osinbajo is leading Nigeria’s Energy Transition Implementation Working Group (ETWG) on the US mission with meetings starting from Thursday, September 1 to promote the plan and secure global support from the US government, the private sector, and other development partners.
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“The ETWG, which is chaired by the vice president, 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.”
Akande also said in the release that while in the United States, Prof. Osinbajo would 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 spokesman added.
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; and Minister of Power, Abubakar Aliyu.
Others are the 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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