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“NIGERIA REQUIRES $410BN FOR ENERGY TRANSITION” – FG

The Federal Government has stated that Nigeria requires $410 billion to achieve its energy transition plan by 2060, with a view to addressing challenges and policy flexibility in the sector.

The Minister of State for Petroleum Resources, Timipre Sylva, said this at the 7th Meeting of the National Council on Hydrocarbons held in Minna.

At the meeting themed “Roadmap and Strategic Option Towards Achieving Energy Transition in Nigeria”, Sylva, represented by the Ministry’s Permanent Secretary, Gabriel Aduda, said that Nigeria was committed to achieving carbon neutrality.

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This, according to him, will end energy poverty as it will lift 100 million people out of poverty and drive economic growth forward.

The Minister of State added that the country, through the Solid Minerals Development Fund, was on the verge of unveiling cutting-edge technology in gold mining.

He applauded Niger State for its large quantity of solid mineral resources and hydrocarbon deposits in commercial quantity.

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