Buhari seeks US support for Nigeria’s energy plan

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The President, Major General Muhammadu Buhari (retd.), on Monday in Washington DC, sought the United States’ support to achieve Nigeria’s Energy Transition Plan which, he said, requires at least N10bn/year to finance.

This was as he argued that Nigeria became the first African country to develop a detailed Energy Transition Plan to tackle both energy poverty and climate change.“Consequently, the $10bn per year target of our Energy Transition Plan represents a significant scaling of current investment flows and we need support from the U.S. to mobilize the needed resources,” Buhari told world leaders during the discussion panel on Just Energy Transition at the ongoing US-Africa Leaders Summit in DC.

While outlining the comprehensive Energy Transition Plan unfolded by his regime administration in response to climate change, Buhari said, “As part of the National Renewable Energy and Energy Efficiency Policy, we set the vision 30:30:30 which aims at achieving 30GW of electricity by 2030 with renewable energy contributing 30 per cent of the energy mix.

“Our Federal Executive Council approved the plan earlier this year and adopted it as a national policy. As part of the plan, we intend to completely eliminate the use of petrol/diesel generators by 2060 and therefore need to deploy renewables, particularly solar, at an unprecedented scale. For instance, the Energy Transition Plan requires that 5.3 GW of Solar be deployed annually until 2060 to achieve our targets.

 

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