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Osinbajo: Nigeria's Energy Transition Plan to create 340,000 jobs

By Oluwaseun Sonde



Nigerian Vice President, Professor Yemi Osinbajo has said that the Nigeria's Energy Transition Plan has the potential to create about 340,000 jobs by 2030, and 840,000 by 2060, adding that the plan presents unique opportunity to deliver true low- carbon and rapid development model in Africa’s largest economy.


Osinbajo who made this known while delivering his remarks at the global virtual launch of Nigeria’s Energy Transition Plan on Wednesday, said the plan is a roadmap to tackle the dual crises of energy poverty and climate change.



Speaking on the need to have a peculiar transition plan, the VP said “for Africa, the problem of energy poverty is as important as our climate ambitions.


"Energy use is crucial for almost every conceivable aspect of development. Wealth, health, nutrition, infrastructure, water, education, and life expectancy are significantly related to consumption of energy per capita."


Making reference to the Nigeria Energy Transition Plan, Osinbajo said “the plan was designed to tackle climate change and deliver SDG7 by 2030 and net-zero by 2060, while centering the provision of energy for development, industrialization and economic growth.”


According to him, “we anchored plan on key objectives including lifting 100 million people out of poverty in a decade, driving economic growth, bringing modern energy services to the full population and managing the expected long-term job losses in the oil sector due to global decarbonization.


“Given those objectives, the plan recognizes the role natural gas must play in the short term to facilitate the establishment of baseload energy capacity and address the nation’s clean cooking deficit in the form of LPG.


“The plan envisions vibrant industries powered by low-carbon technologies; streets lined with electric vehicles & livelihoods enabled by sufficient and clean energy", Professor Osinbajo added.


Also, other Speakers at the event commended Nigeria's leadership and pioneering role in the region.

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