The Nigerian government has announced that with a transition to renewable energy by 2030 and 840,000 in 2060, the country will create 340,000 jobs for its citizens.
The Minister of Power, Adebayo Adelabu, during the second edition of the German-Nigerian Symposium on Green Energy on Monday, says the energy transition would result in economic and job creation with quality power supply.
The Minister announced that the federal government is committed to achieving net-zero emissions by 2060 but needs to expand power generation in the country to stop the use of diesel and petrol generators.
“Nigeria is committed to delivering adequate renewable and affordable power to its citizens in a sustainable manner. The implementation of Nigeria’s Energy Transition Plan (ETP) will not only provide economic development but also result in significant job creation with up to 340,000 jobs by the year 2030 and 840,000 by 2060″, Adelabu said.
According to the minister, gas would play a critical role in the transition from fuel in Nigeria, stressing that the ETP would create significant investment opportunities for the establishment and expansion of industries related to solar energy, green hydrogen, and electric vehicles.
He further explained that the country currently needs $1.9tn to attain net-zero emissions by 2060 and has identified a $32bn investment opportunity.
