Vice-President Yemi Osinbajo has departed Abuja for the US where he is seeking partnerships and support for Nigeria’s recently launched Energy Transition Plan.
In a statement on Wednesday, Laolu Akande, Osinbajo’s spokesman, said the vice-president would have meetings with Kamala Harris, his US counterpart.
Akande said the vice-president would also be meeting with Jennifer Granholm, secretary of energy; Janet Yellen, secretary of treasury; and David Malpass, president of World Bank Group.
Last week, Nigeria’s transition plan was officially launched at a virtual event.
It is a homegrown, data-backed and multi-pronged strategy developed for the attainment of 2060 net-zero emissions commitment in five sectors; power, cooking, oil and gas, transport and industry.
The country targets $410 billion to be able deliver on the transition plan by 2060.
“Among other highlights, the plan needs at least $10 billion per annum above business as usual spending for effective implementation,” Akande said.
“At the launch, the World Bank and a renewable energy organisation – Sun Africa, pledged a sum of $1.5 billion each totaling an initial $3 billion investment to support the implementation of Nigeria’s Energy Transition Plan.”
On Osinbajo’s delegation is Minister of Finance, Zainab Ahmed ; Minister of Power, Abubakar Aliyu; Minister of Works and Housing, Babatunde Fashola and Minister of Environment, Mohammed Abdullahi, among others.
The vice-president is expected to come back to the country next week.