Nigeria Requires N5.2 Trillion  for Full Green Energy Transition by 2050, Affirms Energy Commission Director-General

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Dr. Mustapha Abdullahi, the Director-General of the Energy Commission of Nigeria (ECN), emphasized the need for a substantial investment of about N5.2 trillion ($4 billion) to propel Nigeria towards a fully green energy landscape by 2050. Speaking at a press briefing on Clean, Renewable Energy, and Energy Efficiency in Abuja, Abdullahi outlined the commission’s strategic approach to attract investment in Nigeria’s renewable energy sector.

Highlighting the importance of creating an investor-friendly environment, Abdullahi stressed the necessity of formulating policies conducive to attracting investment in renewable energy generation. He underscored that achieving full green energy status by 2050 would require significant financial commitment, with an estimated $4 billion needed to fund the transition.

Abdullahi emphasized that successful green energy transitions in other countries were facilitated by policies that incentivized private sector investment. He reiterated the commission’s commitment to developing policies aimed at attracting investment in renewable energy projects, recognizing that no country solely relies on its resources to build renewable energy infrastructure.

In line with this vision, Abdullahi revealed that the commission had secured 900 hectares of land from the Federal Capital Development Authority, earmarked for the establishment of the Abuja Technology Village. This initiative aims to transform the area into a technology hub where investors can build solar and renewable energy plants, further advancing Nigeria’s green energy objectives.

Furthermore, Abdullahi emphasized the importance of promoting energy efficiency practices and embracing sustainable energy sources as crucial components of Nigeria’s strategy to combat climate change. He pledged to intensify public awareness campaigns to educate citizens about the benefits of clean and renewable energy sources, fostering greater adoption and support for the green energy transition.

In conclusion, Abdullahi’s remarks underscored the ambitious yet imperative nature of Nigeria’s journey towards a fully green energy future, emphasizing the pivotal role of strategic investment, policy formulation, and public awareness in achieving this transformative goal by 2050.

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