Abuja — The Chairman of the Senate Committee on Ecology and Climate Change, Senator Seriake Dickson, has expressed the readiness of the National Assembly to support any new legislation or amendment of existing laws to help in the nation's energy transition financing bid
He expressed the readiness of the National Assembly to amend existing laws, where necessary, or enact any new legislation designed to ensure energy transition. Noting that it was the collective responsibility of all to work towards a sustainable energy transition, Dickson argued that financing would however continue to play a central role.
In achieving a win-win situation, the parliamentarian noted that there was the need to consider certain variables. In his keynote address at the event, the NCCC Director General, Dr. Salisu Dahiru who cited Nigeria's Long Term Low Emission Development Strategy , disclosed that Nigeria's Net-Zero plan for the energy sector will be driven by a shift towards further dependence on hydro, biomass, wind, solar PV and nuclear as the country starts to exploit its large renewable energy potential for a successful energy transformation.
Dahiru stressed that from Nigeria's Energy Transition plan, $410 billion was required to attain Net Zero by 2050.