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Nigeria Seeks $10bn Yearly to Achieve Energy Transition Goal

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energy transition goal

By Adedapo Adesanya

Nigeria’s Vice President, Mr Yemi Osinbajo, has said that Nigeria is seeking $10 billion in investment yearly to achieve its energy transition goal.

Mr Osinbajo stated this in his remarks delivered at the global virtual launch of Nigeria’s Energy Transition Plan, a roadmap to tackle the dual crises of energy poverty and climate change.

He said Africa’s increasing energy gaps require collaboration to take ownership of the continent’s transition pathways and the action should be decisive and urgent.

Speaking on the need to have a peculiar transition plan, the Vice President said “for Africa, the problem of energy poverty is as important as our climate ambitions. Energy use is crucial for almost every conceivable aspect of development. Wealth, health, nutrition, water, infrastructure, education, and life expectancy are significantly related to the consumption of energy per capita.”

He highlighted the significant scale of resources required to attain both development and climate ambitions, adding that Nigeria would need to spend $410 billion above business-as-usual spending to deliver our Transition Plan by 2060, which translates to about $10 billion per year.

“The average of $3 billion per year investments in renewable energy recorded for the whole of Africa between 2000 and 2020 will certainly not suffice,” he added.

Additionally, the Vice President noted that “we have an inter-ministerial Energy Transition Implementation Working Group, which I chair. We are currently engaging with partners to secure an initial $10 billion support package ahead of COP27 along the lines of the South African Just Energy Transition Partnership announced at COP26 in Glasgow.

Giving more details on energy poverty in Africa, the VP noted that “the current lack of power hurts livelihoods and destroys the dreams of hundreds of millions of young people.

“And although Africa’s current unmet energy needs are huge, future demand will be even greater due to expanding populations, urbanization, and movement into the middle class.

“It is clear that the continent must address its energy constraints and would require external support and policy flexibility to deliver this. Unfortunately, in the wider responses to the climate crisis, we are not seeing careful consideration and acknowledgement of Africa’s aspirations.”

Underscoring the importance of collaboration, the Vice President then noted that “we developed our Energy Transition Plan to engage with the rest of the world in a serious, thorough and data-backed manner.”

Mr Osinbajo explained that “there is a clear need for African nations to engage more critically and vocally in conversations on our global climate future.

“More importantly, we need to take ownership of our transition pathways and design climate-sensitive strategies that address our growth objectives. This is what Nigeria has done with our Energy Transition Plan.”

Making reference to the Nigeria Energy Transition Plan, the Vice President said “the plan was designed to tackle climate change and deliver SDG7 by 2030 and net-zero by 2060 while centring the provision of energy for development, industrialization and economic growth.”

According to him, “we anchored the plan on key objectives including lifting 100 million people out of poverty in a decade, driving economic growth, bringing modern energy services to the full population and managing the expected long-term job losses in the oil sector due to global decarbonization.

“Given those objectives, the plan recognizes the role natural gas must play in the short term to facilitate the establishment of baseload energy capacity and address the nation’s clean cooking deficit in the form of LPG.

“The plan envisions vibrant industries powered by low-carbon technologies; streets lined with electric vehicles and livelihoods enabled by sufficient and clean energy.”

On other aspirations of the roadmap, Mr Osinbajo explained that “the plan has the potential to create about 340,000 jobs by 2030, and 840,000 by 2060. It also presents a unique opportunity to deliver a true low-carbon and rapid development model in Africa’s largest economy.”

“We are currently implementing power sector initiatives and reforms focused on expanding our grid, increasing generation capacity, and deploying renewable energy to rural and underserved populations.”

Aside from the transition plan, the Vice President announced the launch of the Universal Energy Facility “an innovative, results-based, finance programme that focuses specifically on scaling up electricity access for productive uses.”

He explained that “the Universal Energy Facility will provide grant payments to enable solar companies to expand their operations to small and medium-sized enterprises across Nigeria, while crowding-in additional private capital.”

“Projects supported by the Universal Energy Facility will help grow businesses and create jobs, making them key contributors to our Energy Transition Plan.

“I’d like to encourage solar companies in attendance today to engage with this innovative financing opportunity, which is being managed by Sustainable Energy for All,” he added.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Olatubosun Suggests Home-grown Method of Teaching Yoruba Culture

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Yoruba culture

By Modupe Gbadeyanka

The Commissioner for Information, Culture and Tourism in Oyo State, Mr Wasiu Olatubosun, has suggested that the Yoruba culture can be taught effectively through a home-grown teaching method.

At the 2022 Ijala Are-Ode Cultural Festival in Ibadan, the Commissioner emphasised that for the Yoruba race to conquer the world, its people must appreciate who they are, learn the things of the race, and behave truly like omoluabis.

He informed participants of the programme with the theme Ijala: Beyond Social Gyration to Intellectual Exposition of Yoruba Cultural Heritage that the state government, under Governor Seyi Makinde, has shown commitment to resuscitating the Yoruba culture and tradition among the younger generation through a re-introduction of history classes to public schools in the state.

Mr Olatubosun, who was represented by the Permanent Secretary of the Ministry, Mr Oye Oyedele, assured that the state government would continue to promote the growth of the language and the culture of Yoruba.

In his contribution, a veteran actor and Araba Awo of Osogbo, Mr Yemi Elebuibon, urged Africans to develop their culture, observing that it is a must to “first appreciate who they are and what they are.”

He also warned the Yorubas against jettisoning Ifa science and technology, adding that if care is not taken, in no distant future, people of the Yoruba tribe will soon be paying the Europeans for Ifa divination.

During his lecture, a scholar, Prof. Akinkunmi Adegbola Alao, said there was a need to go back to the basics, look beyond the social gyrations derived from Ijala by hunters, and find ways to deploy the intellectual foundation of Ijala in Yoruba cultural heritage, urging historians to research Yoruba cultural values that can benefit the society constantly.

He noted that although the immediate purpose of any traditional music performance is to entertain, the genre of music could influence a renaissance of Yoruba Culture and traditions, appealing to Africans, especially the Yorubas, to embrace and leverage indigenous technology to develop human society.

“We need to go back to the basics. Go beyond just the gyrations of individuals, amusing themselves, to unearth the intellectual premise of this rich cultural tradition,” he said.

Speaking on what led to the celebration of Ijala by hunters in those days, Mr Alao noted that the neglect by the political class gave room for chanting Ijala by the hunters to celebrate their contributions to society.

He applauded the efforts of hunters in maintaining peace within the boundaries of their society, admonishing the political class to stop forthwith diminishing their importance.

“The nature of their profession takes them away from domestic politics. They are always engaged in warfare and deep forest hunting, and so many other activities outside the immediate precinct of the established kingdoms. So many times, they are not on the ground to take part in the political process, so the political class diminished their importance,” he observed.

“But they resorted to Ijala to celebrate themselves, to call attention to their importance and to let people know they have contributed a lot to the development of the society,” he continued.

The culture enthusiast commended the Oyo State Government for partnering Ona-ara Development Forum in celebrating the Ijala are-ode cultural renaissance.

“Rather than denouncing our hunters, we must encourage them to use their knowledge towards the development of human society positively,” he noted, stating that the festival will open doors of opportunities to hunters, showcasing talents and the importance of the hunters’ guild.

Speaking earlier, the Chairman Organising Committee, Ijala Are-Ode Cultural Festival, Mr Dipo Gbenro, noted that the Ona Ara Development Forum seeks the development of Ona-Ara.

He also revealed that the forefathers of all Ona-Ara indigenes were hunters and warriors who played pivotal roles in the Agbekoya war, stating that Ijala is expository of intellectual content, spells history, and family lineage.

“Ijala explores and exposes the inadequacies of our leaders, promotes social relations and is rich with powerful words,” he said.

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NDLEA Welcomes Training Support from French Police

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NDLEA drug syndicate

By Adedapo Adesanya

The Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Mr Mohamed Buba Marwa, has commended the support from the Police Nationale (RAID) of France, especially in the areas of training and equipment.

The NDLEA boss said this in Abuja on Friday when the Police Attaché at the French Embassy in Nigeria, Mr Emmanuel Verin, led a team of French VIP trainers including Mr Cedric B. and Mr Christophe J. who were in the country to train a number of NDLEA officers in special operations, paid him a courtesy visit.

Speaking at the event, Mr Marwa said, “I would like to appreciate the French government for its support as one of our leading partners. We have received tremendous help from France not only in terms of training but also equipment.

“The support was capped with my recent visit to France, where we received a warm reception at all the institutions visited, and the training promised was promptly organized. We’re grateful for that, and we are looking forward to more collaboration and support.”

In his response, Mr Verin said, “we’re proud to work with NDLEA because your officers and men are very smart and professional, and that’s why you’re getting results; hence, our priority in terms of support for NDLEA is in the area of training.

“Our trainers who have been here to train your men are specialists and top in the field. We’ll do this for a very long time, and we’re glad to work with you.”

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Paris Club Refund: Governors Move to Legally Block $418m Payment

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Paris Club refund

By Adedapo Adesanya

The Nigeria Governors’ Forum (NGF) has said that it will explore all legal options on the disbursement of the $418 million Paris Club refund and promissory notes to ensure resources meant for state governments are not illegally paid to consultants.

The forum disclosed this in a statement issued by its Chairman, Governor Aminu Tambuwal, after the teleconference meeting of the 36 state governors.

“Regarding the $418 million Paris Club Refund and promissory notes issued to consultants by the Federal Ministry of Finance and the Debt Management Office (DMO), the forum remains resolute in exploring all legal channels available to it in ensuring that resources belonging to states are not unjustly or illegally paid to a few in the guise of consultancy,” it said.

The Sokoto state governor said the group had also instructed its lawyers to approach the Federal High Court on the proposed privatisation of 10 National Integrated Power Projects (NIPPs) by the federal government.

“The forum, following its advocacy that the proposed privatisation of 10 NIPPs by the Federal Government should be stopped, instructed its lawyers to approach the Federal High Court, which at present has issued a court order restraining all the parties in the suit from taking any step or action that will make or render the outcome of the motion on notice seeking for interlocutory injunction nugatory.

“The effect of the order of the court is that respondents cannot proceed with the proposed sale of the power plants belonging to the Niger Delta Power Holding Company Limited (NDPHCL) until the hearing and determination of the motion on notice for interlocutory injunction,” he said.

Mr Tambuwal added that sequel to discussions between sub-sovereigns at the recently concluded 2nd African Sub-Sovereign Government Network (AfSNET) Conference, the forum agreed to pursue support for enhanced dialogue, cooperation and collaboration between sub-sovereign governments around intra-African trade, investment, industrialisation, and development.

He said that such would be done through membership in the Forum of Regions of Africa (FORAF) and its partnership with the African Export-Import (AFREXIM) Bank.

The governor said that the forum was also monitoring the flood situation across the country and working with the Federal Government to prepare emergency interventions to ameliorate the impact of the floods on food security.

Mr Tambuwal said that the forum was working with the Federal Government through the National Economic Council (NEC) and in collaboration with the Federal Ministry of Agriculture and Rural Development (FMARD).

Others, according to him, include the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHDSD), National Emergency Management Agency (NEMA), Central Bank of Nigeria (CBN), Federal Ministry of Finance, Budget and National Planning (FMFBNP) and the World Bank.

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