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Osibanjo Set to Launch Energy Transition Plan

Vice President Yemi Osibanjo will today lead other stakeholders to launch the energy transition plan, tailored to guide the country towards the twin objectives of achieving universal access to energy by 2030 and a carbon-neutral energy system by 2060.

The Energy Transition Plan supported by Sustainable Energy for All, The Rockefeller Foundation, and the Global Energy Alliance for People and Planet, will also map out strategies for Nigeria to provide enough energy to power the industry and other productive uses.

This was announced in a statement on Wednesday signed by Director of Communications, Sustainable Energy for All, Sherry Kennedy.

Kennedy said the launch would also feature remarks from prominent officials from Nigeria, Rwanda, Egypt and Senegal as well as international community leaders from the United Nations, Sustainable Energy for All, The World Bank, African Development Bank, IRENA, The Rockefeller Foundation and the Global Energy Alliance for People and Planet.

The statement read, “At COP26 in Glasgow last year, President Muhammadu Buhari announced Nigeria’s ambition to achieve net-zero by 2060. The launch of this plan showcases the country’s political leadership in the global energy sector, and especially on the African Continent towards a just, equitable and inclusive energy transition.

“The Energy Transition Plan was developed through the Energy Transition Commission, the insights from which were reflected in President Buhari’s address at COP26 in Glasgow, where he stated that Nigeria was looking for partners in innovation and finance at scale to enable a ‘stable transition’ in energy markets and bottom-up transition pathways across energy markets, adaptation and resilience, nature-based solutions, clean cooking, gender, and green jobs.

“The country has championed the cause for a just, equitable and inclusive energy transition in its role as Global Theme Champion on Energy Transition at the UN High-Level Dialogue on Energy (HLDE), and submitted an ambitious UN Energy Compact which featured its immediate priorities to electrify 25 million people across 5 million homes and leverage natural gas resources to address access to clean cooking by 2027.

“This ambition is backed by an integrated energy planning tool launched earlier this year which demonstrates how Nigeria will utilize geospatial data and modelling to identify the mix of technologies and spending required to achieve universal energy access.”

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