Vice President Yemi Osinbajo, on Wednesday, departed Nigeria for the United States of America (USA), to seek global partnerships and support for Nigeria’s recently launched Energy Transition Plan.
BASIC FACTS
- Vice President Yemi Osibanjo, on Wednesday left for the USA.
- Osibanjo’s journey to the USA is to seek global partnership on energy transition.
- The Nigerian Vice President is billed to meet with the US Vice President, Kamala Harris.
WHAT WE KNOW
Vice President Yemi Osinbajo, on Wednesday, departed Nigeria for the United States of America (USA), to seek global partnerships and support for Nigeria’s recently launched Energy Transition Plan.
Osibanjo’s spokesman, Laolu Akande, disclosed this in a statement issued on Wednesday.
The VP’s spokesman, Laolu Akande said Prof. Osinbajo is leading Nigeria’s Energy Transition Implementation Working Group (ETWG) on the US mission with meetings starting from Thursday, 1st September to promote the plan and secure global support from the US government, the private sector, and other development partners.
The VP’s spokesman added that while in the United States, Prof. Osinbajo will 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.
Akande also said the vice president who is expected back in the country by next week, is scheduled to speak on Nigeria’s Energy Transition Plan at the Centre for Global Development in Washington DC.
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 five critical sectors: power, cooking, oil and gas, transport and industry, adding that Nigeria needs $410 billion to deliver the Transition Plan by 2060.
The ETWG chaired by the vice president comprises relevant ministers and other top government officials.
According to Akande, the plan needs at least $10 billion per annum above business as usual spending for effective implementation.
He said 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.
The Vice President’s delegation to the U.S. includes Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Works and Housing, Raji Babatunde Fashola; Minister of Power, Abubakar Aliyu; 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. Included the list of delegates is Nigeria’s Ambassador to the United States, Dr. Uzoma Emenike.
CATCH-UP
Recall that the Nigerian Energy Transition Plan, was launched last week at a global virtual event.
The Nigerian Energy Transition plan, is a homegrown, data-backed and multi-pronged strategy developed for the attainment of 2060 net-zero emissions commitment in five critical sectors: power, cooking, oil and gas, transport and industry.
