• Says Nigeria Has Highest Rate Of Deforestation In The World
He disclosed that the majority of the money would come from the private sector, saying that Nigeria’s energy transition journey as well as its resolve to embrace clean and renewable energy solutions remains on track under the administration of President Bola Ahmed Tinubu. “But full implementation of the Nigeria Energy Transition would not be easy. It requires concerted efforts locally and international collaboration to source financing and to prepare the Nigerian workforce for a Net-Zero economy and to have a truly just energy transition. If we take the issue of financing alone, funding the energy transition requires investments of over $10 billion per year up to 2060.
He added: “Nigeria today has the highest rate of deforestation in the world as people depend primarily on biomass for energy generation. He recalled that in February 2024, the President signed three executive orders as part of the government’s commitment to make Nigeria a destination of choice for oil and gas investments.
Represented by the Managing Director of Kaduna Power Supply Company , Iris Amino Idris, the governor said his administration has taken advantage of the opportunities the Electricity Act 2023 presents through developing an electricity policy for the state.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »