Osinbajo to launch Nigeria’s energy transition plan next week

Vice President Yemi Osinbajo says he will be launching Nigeria’s Energy Transition Plan (NETP) on Wednesday, August 24 in Abuja.

Osinbanjo disclosed this on Wednesday via his official Facebook Page.

The vice president said: “Countries around the world are unified in achieving carbon neutrality. Nigeria is no exception and is committed to net zero emissions by 2060.

“I am delighted to be launching Nigeria’s Energy Transition Plan next week.

“Nigeria’s Energy Transition Plan is a home-grown, data-backed, multipronged strategy developed for the achievement of net-zero emissions in terms of the nation’s energy consumption”.

According to the country’s National Climate Change Policy, the federal government intends to reduce its greenhouse gas (GHG) emissions intensity of GDP by 20% by 2030 relative to the emissions intensity of GDP in the base period 2010 to 2014 on an unconditional basis as well as a further 45% on a conditional basis consequent upon receiving climate finance, technology transfer and capacity building from the developed countries. 

The launch of the NETP would help the country to pursue net-zero emissions according to the vice president.

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