Osinbajo leads the Nigeria’s Energy Transition Implementation Working Group (ETWG) on the US mission with meetings scheduled to commence from Thursdays, the 1st of September in order to promote the plan and secure global support from the US government, the private sector, and other development partners. The ETWG which is made up of relevant ministers and other top government officials.
During his stay in the United States, Osinbajo will meet US Vice President, Kamala Harris; US Secretary of Energy, Jennifer Granholm; Secretary of Treasury, Janet Yellen, and President of World Bank Group, David Malpass, among others.The Vice President is also scheduled to speak on Nigeria’s Energy Transition Plan at the Centre for Global Development in Washington DC.
It will be recalled that Nigeria’s Energy Transition Plan officially launched last week at a global virtual event is a homegrown, data-backed and multi-pronged strategy developed for the attainment of 2060 net-zero emissions commitment in five critical sectors: power, cooking, oil & gas, transport & industry.
A statement issued by the vice president’s spokesman, Laolu Akande on Wednesday, noted that Nigeria needs $410 billion to deliver the Transition Plan by 2060.
It said among other highlights, that the plan needs at least $10 billion per annum above business as usual spending for effective implementation.
The statement further stated that at the launch, the World Bank and a renewable energy organization – Sun Africa, pledged a sum of $1.5 billion each totalling an initial $3 billion investment to support the implementation of Nigeria’s Energy Transition Plan.
The Vice President’s delegation to the U.S. includes the Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Works and Housing, Raji Babatunde Fashola; Minister of Power, Abubakar Aliyu; Minister of Environment, Mohammed Abdullahi; Minister of State for Petroleum Resources, Timipre Sylva and the Special Representative of the UN Secretary-General/CEO for Sustainable Energy for All, Ms Damilola Ogunbiyi.Nigeria’s Ambassador to the United States, Dr Uzoma Emenike will also join the delegation.
The Vice President is expected to return to the country early next week.