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HomeBusinessOsinbajo jets out to US for $410b energy transition plan

Osinbajo jets out to US for $410b energy transition plan

By Emmanuel Obisue

Nigeria’s Vice President, Professor Yemi Osinbajo departed Abuja for the United States of America early on Wednesday to seek global partnerships and support for Nigeria’s recently launched $410 billion Energy Transition Plan.

A statement issued by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, noted that Osinbajo is leading Nigeria’s Energy Transition Implementation Working Group, ETWG, on the US mission to promote the plan and secure global support from the US Government, the private sector, and other development partners.

According to the statement, Osinbajo is expected to 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.

The Vice President is also scheduled to speak on Nigeria’s Energy Transition Plan at the Centre for Global Development.

It is worthwhile to note that the Energy Transition Implementation Working Group which is chaired by the Vice President comprises relevant ministers and other top government officials.

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 5 critical sectors : Power, Cooking, Oil & Gas, Transport & Industry.

The Vice President’s delegation to the US will include Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Works and Housing, Babatunde Fashola; Minister of Power, Abubakar Aliyu; Minister of Environment, Mohammed Abdullahi and Minister of State for Petroleum Resources, Timipre Sylva.

The Vice President will return to Abuja early next week.

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