The federal government is set to unveil its Energy Transition Plan today in an effort to steer the nation toward the twin goals of establishing universal access to energy by 2030 and a carbon-neutral energy system by 2060.
The energy transformation plan will be unveiled in Abuja under the leadership of Vice President Yemi Osinbajo and other stakeholders.
This was disclosed in a statement released on Wednesday and signed by Sherry Kennedy, Director of Communications for Sustainable Energy for All.
The Energy Transition Plan will also outline Nigeria’s plans for supplying enough energy for the country’s economy and other beneficial applications.
Sustainable Energy for All, The Rockefeller Foundation, and the Global Energy Alliance for People and Planet all endorse the Energy Transition Plan.
Kennedy announced that notable figures from Nigeria, Rwanda, Egypt, and Senegal, as well as those from the World Bank, African Development Bank, IRENA, The Rockefeller Foundation, and the Global Energy Alliance for People and Planet, would also make speeches during the launch.
The statement read, “At COP26 in Glasgow last year, President Muhammadu Buhari announced Nigeria’s ambition to achieve net-zero by 2060. The launch of this plan showcases the country’s political leadership in the global energy sector, and especially on the African Continent towards a just, equitable and inclusive energy transition.
“The Energy Transition Plan was developed through the Energy Transition Commission, the insights from which were reflected in President Buhari’s address at COP26 in Glasgow, where he stated that Nigeria was looking for partners in innovation and finance at scale to enable a ‘stable transition’ in energy markets and bottom-up transition pathways across energy markets, adaptation and resilience, nature-based solutions, clean cooking, gender, and green jobs.
“The country has championed the cause for a just, equitable and inclusive energy transition in its role as Global Theme Champion on Energy Transition at the UN High-Level Dialogue on Energy (HLDE), and submitted an ambitious UN Energy Compact which featured its immediate priorities to electrify 25 million people across 5 million homes and leverage natural gas resources to address access to clean cooking by 2027.
“This ambition is backed by an integrated energy planning tool launched earlier this year which demonstrates how Nigeria will utilize geospatial data and modelling to identify the mix of technologies and spending required to achieve universal energy access.”
