Nigeria has clung to making the most of its fossil fuels as the world races towards a low-carbon future and renewable energy resources take the centre stage.
Timipre Sylva, Nigeria’s minister of state for Petroleum Resources has said that the global energy transition would not happen overnight and that Africa’s most populous country has to optimise the use of available petroleum resources to energise its energy-poor economy.
This is contrary to what advanced economies are doing, switching to electric vehicles and renewable energy.
Speaking at the ongoing Nigeria International Petroleum Summit (NIPS), an event organised by the Federal Government of Nigeria and aimed at charting the way forward in the post-Covid-19 pandemic era, Sylvia agreed that energy transition will make the world a cleaner, healthier place but he disagrees that this transition will happen anytime soon.
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