Osinbajo Flies Out Of Nigeria

Vice President Yemi Osinbajo departed Abuja for the United States of America early Wednesday, seeking global partnerships and support for Nigeria’s recently launched Energy Transition Plan.

Osinbajo is leading Nigeria’s Energy Transition Implementation Working Group (ETWG) on the US mission with meetings starting from tomorrow-the 1st of September to promote the plan and secure global support from the US government, the private sector, and other development partners.

The ETWG, which is chaired by Osinjabo, comprises relevant ministers and other top government officials.

This was disclosed in a statement by Osinbajo’s spokesman, Laolu Akande.

The Vice President will return to Abuja early next week.

While in the United States, Osinbajo will 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 in Washington DC.

The Vice President’s delegation to the U.S. will include Minister of Finance, Budget and National Planning, Mrs. (Dr.) Zainab Ahmed; Minister of Works and Housing, Raji Babatunde Fashola; Minister of Power, Abubakar Aliyu; Minister of Environment, Mohammed Abdullahi; Minister of State for Petroleum Resources, Timipre Sylva and the Special Representative of the UN Secretary General/CEO for Sustainable Energy for All, Ms Damilola Ogunbiyi. Nigeria’s Ambassador to the United States, Dr. Uzoma Emenike will also join the delegation.

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Vice President Yemi Osinbajo had declared that Africa’s increasing energy gaps require collaboration to take ownership of the continent’s transition pathways, stressing that the action should be decisive and urgent.

Osinbajo delivered his remarks, last week, at the global virtual launch of Nigeria’s Energy Transition Plan, a roadmap to tackle the dual crises of energy poverty and climate change.

Speaking on the need to have a peculiar transition plan, the Vice President said: “For Africa, the problem of energy poverty is as important as our climate ambitions. Energy use is crucial for almost every conceivable aspect of development. Wealth, health, nutrition, water, infrastructure, education, and life expectancy are significantly related to the consumption of energy per capita.”

The Vice President highlighted the significant scale of resources required to attain both development and climate ambitions, saying Nigeria would need to spend $410 billion above business-as-usual spending to deliver its Transition Plan by 2060, which translates to about $10 billion per year.

“The average $3 billion per year investments in renewable energy recorded for the whole of Africa between 2000 and 2020 will certainly not suffice,” he said.

Osinbajo Flies Out Of Nigeria

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