Energy transition plan: Osinbajo leaves for the United States and seeks global partnerships

Vice President Yemi Osinbajo left Nigeria for the United States of America to seek global partnerships and support for Nigeria’s recently launched energy transition plan.

His spokesperson, Laolu Akande, said in a statement released on Wednesday.

Akande said Professor Osinbajo was leading the Nigerian Energy Transition Implementation Working Group (ETWG) under the US mission with meetings starting Thursday to promote the plan and gain global government support. US, private sector and other development partners.

He added that while in the United States, Professor Osinbajo will meet with US Vice President Kamala Harris, US Energy Secretary Jennifer Granholm; Treasury Secretary Janet Yellen and World Bank Group President David Malpass, among others.

Akande also said the vice president is also expected to speak on Nigeria’s energy transition plan at the Center for Global Development in Washington DC.

Nigeria’s Energy Transition Plan, officially launched last week at a global virtual event, is a grassroots, data-driven, multi-pronged strategy developed to achieve the net zero emissions commitment by 2060 across five sectors critical: electricity, cooking, oil and gas. , transport and industry.

The vice president had said Nigeria would need $410 billion to implement the transition plan by 2060.

The ETWG, chaired by Yemi Osinbajo, comprises relevant ministers and other senior government officials.

According to the statement, the plan needs at least $10 billion a year in addition to normal spending for effective implementation.