Zainab Ahmed, minister of finance, budget and planning, says Nigeria needs $1.9 trillion to achieve a carbon-neutral economy by 2060. Ahmed said this on Wednesday at the official global launch
Zainab Ahmed, minister of finance, budget and planning, says Nigeria needs $1.9 trillion to achieve a carbon-neutral economy by 2060.
Ahmed added that the country would need to crowd in about $10 billion per annum till 2060 to deliver the additional funding required for implementing its energy transition plan. On his part, Mele Kyari, group chief executive officer , Nigerian National Petroleum Company Limited, said the national oil firm, as a fully-commercialised enterprise, is well-positioned to lead the African continent in a just and gradual energy transition.
Also speaking at the event, Babatunde Fashola, minister of works and housing, said following the approval of the energy transition plan by the federal executive council , an energy transition implementing working group was established based on the directive of President Muhammadu Buhari.
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