Federal Government to Fund Energy Transition Plan with $410 Billion

Nigeria’s Energy Transition plan requires $410 billion to address challenges and policy flexibility in the sector by 2060.

According to the Minister of State for Petroleum Resources, Timipre Sylva, at the 7th Meeting of the National Council on Hydrocarbons held in Minna, Nigeria was committed to achieving carbon neutrality.

Sylva added that the energy transition plan will end energy poverty as it will lift 100 million people out of poverty and boost the economy.