Buhari Emphasizes Commitment To Nigeria’s Energy Transition Plan
President Muhammadu Buhari has restated the commitment of the his administration towards the successful inplementaion of the recently launched Energy Transition Plan.
Speaking in New York on Wednesday, Buhari said he intend to ensure that there was a rapid and strategic transition to renewable energy in response to the world-wide efforts for the preservation of the environment.
The event was the Leaders” Closed-Door Meeting on Climate Change convened by the secretary general of the United Nations, Mr. Antonio Guterres. Coming before the commencement of the COP27 in November this year, on the sidelines of the United Nations General Assembly, Buhari stressed that his administration had, in august this year, launched a home-grown, data-backed, multi-pronged energy transition plan, which is the country’s framework in achieving net-zero emissions by 2060.
He highlighted some of the details in the plan, adding that through the use of emerging technologies and alternative fuels such as hydrogen, bioenergy and waste-to-energy, a pathway would be created for accelerated decarburization of energy systems and harnessing of new and diverse technologies towards low carbon development while aligning to our broader developmental aspirations in a fair and just manner.
Buhari said, “the plan also sets out a timeline and framework for the attainment of emissions reduction across five key sectors: power, cooking, oil and gas, transport and industry,” adding that, “gas will play a critical role as a transition fuel in Nigeria’s net-zero pathway, particularly in the power and cooking sectors.
“The clean energy goals of the plan include modernizing the power sector with large-scale integration of renewable energy, enhancing energy efficiency and conservation; and is expected to generate 250 gig watts of installed energy capacity with over 90% made up of renewables.”
He stated further that the plan would put the nation on the path of prosperity, whereas a careful implementation would create significant investment opportunities and engender the establishment and expansion of industries related to solar energy, hydrogen and electric vehicles.
“It will guide Nigeria’s rapid transition to renewable energy and result in significant job creation with up to 340,000 jobs created by 2030 and up to 840,000 jobs created by 2060 driven mainly by power, cooking and transport sectors.”