The Federal government of Nigeria has launched the country’s energy transition plan as a major pathway in achieving universal energy access by 2030 and a carbon-neutral economy by 2060.
Vice-President Yemi Osinbajo, at the global launch on Wednesday, said the plan was designed to tackle energy poverty and climate change crisis, as well as deliver sustainable development goal seven (SDG7) by 2030 and net zero by 2060.
Osinbajo said the transition plan requires a significant scale of resources which includes spending $410 billion by 2060.
The vice-president added that Nigeria has set up an inter-ministerial energy transition implementation working group and is “currently engaging with partners to secure an initial $10 billion support package ahead of COP27”.
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