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•Harps on collaboration to actualise goal
From Charity Nwakaudu, Abuja
The Energy Commission of Nigeria has restated that the country needs not less than $4bn investments annually to completely depend on renewable energy and go green by 2050
The Commission’s Director General, Dr Mustapha Abdullahi, stated this at the opening ceremony of a one-day summit on the prospects of the nergy transition plan, held in Abuja on Wednesday.
Dr Mustapha said that since the government cannot do it alone, the commission has started wooing investors to invest in infrastructure that will help in providing clean energy in the country.
“Nigeria will need about $4 billion every year for us to go completely green by 2050. For us to reach that target,the government cannot take that burden alone that is why this forum is very important. We brought all stakeholders to discuss and drive on how to achieve the goal.
“It is a huge amount but we have already started talking to so many investors,on setting up plants in the country to produce the infrastructure that will enable us to produce clean energy.
He stressed that collaboration amongst government institutions, private sector players, and civil society organizations was crucial to driving progress and achieving the goals of energy transition in Nigeria.
“I am certain that collaboration will provide the avenue for robust discussions, knowledge sharing, and the formulation of actionable policy recommendations to guide the country’s energy transition journey. “
Also speaking, Joshua Garba, Component lead, Enabling Environment, Nigeria Energy Support Programme, (NESP) said that partnership is critical in improving investments in energy sector.
Mr Garba added the world Bank with the Nigerian electrification programme is bringing in 750 million dollars to support the Nigerian government in terms of the electrification and energy efficiency, most especially in the rural areas.
“One key areas of improving investments in this sector is partnership within government and government, private sectors and international communities.”
