President Muhammadu Buhari says Nigeria is working on an ambitious Free energy Program towards reducing the free energy shortcomings by 2030.
The President spoke in line with Nigeria’s role as a Global Champion for the Free energy Transition, the theme of the High-Level Dialogue on Free energy at the sidelines of the 76th United Nations Full general Assembly in New York.
Buhari famous that Nigeria’s commitment to a just transition is reflected in its ambitious Free energy Bunched, which includes the “Authorities’s flagship projection to electrify 5-Million households and 20-Million people using decentralized solar free energy solutions. This is a major first off stair towards closing our free energy access deficit by 2030.
“Nigeria’s commitment is also reflected in the evolution of our Free energy Transition Program, which was developed with the back up of the UK COP26 Free energy Transition Council.”
Buhari called for back up from developed countries to unlock the financing needed to accelerate a just free energy transition for all.
Buhari said “the scale of financing required for Nigeria to attain net-zero, amounts to over 4-Hundred Billion US Dollars across the Nigerian economic system in excess of business-as-usual spending over the next 30 years.
“This breaks downwardly to One-Hundred and 50-5 Billion US Dollars meshing pass on generation capacity, One-Hundred and 30-5 Billion US Dollars on transmission and distribution infrastructure, 70-5 Billion UD Dollars on buildings, 20-One Billion US Dollars on industry and Twelve-Billion US Dollars on transportation,” Buhari explained
“As a global leader on the free energy transition, it is vital that I flag a major risk to evolution that stems from the current narrative around the free energy transition, peculiarly on the role of gas and the lack of financing,” he said.
Buhari said in his administration’s evolution objectives, gas will have a key role to play hither for some years before existence phased out.
The Nigerian leader famous that it was to a greater extent worrisome that solid fuel cooking in Africa causes nearly 490,000 premature deaths annually.
President Buhari is currently in New York, the the States of America where he led the Nigerian delegation to attend the 76th United Nations Full general Assembly, UNGA.
The Nigerian leader also addressed the Assembly on Fri amidst protests from those who sense he has not done plenty to address many challenges facing Nigeria, particularly in the areas of security and starvation.
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