Among other highlights, the plan needs at least $10bn per annum above business-as-usual spending for effective implementation.
At the launch, the World Bank and a renewable energy organization – Sun Africa, pledged a sum of $1.5bn each totalling an initial $3bn investment to support the implementation of Nigeria’s Energy Transition Plan.
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.
Nigeria’s high inflation rate’ll further depreciate naira, CBN warns
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; 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.
The Vice President is expected to return to Abuja early next week.
