Ken Okeke
President Bola Tinubu has outlined Nigeria’s Energy Transition Plan describing it as a bold, pragmatic roadmap for reaching net-zero emissions by 2060.
The plan targets five core sectors, including power, cooking, transportation, oil and gas, and industry, with a financing need of over 410 billion U.S. dollars.
Tinubu, therefore called on world leaders to demonstrate unity, courage, and sustained commitment in addressing the worsening global climate crisis.
Addressing a high-level virtual dialogue on Wednesday, Tinubu reaffirmed Nigeria’s dedication to forging a paradigm shift in which climate action and economic growth advance together.
“The global climate emergency demands our collective, courageous, and sustained leadership,” said Tinubu. “For Nigeria, the urgency of this moment is clear: we view climate action not as a cost to development, but as a strategic imperative.”
The event was co-organized by United Nations Secretary-General Antonio Guterres and Brazilian President Luiz Inacio Lula da Silva to accelerate global climate ambition ahead of COP30, which Brazil will host in November.
Highlighting Nigeria’s role as an anchor country in the Mission 300 initiative, implemented in partnership with the World Bank and the African Development Bank, Tinubu noted that the initiative aimed to deliver electricity to 300 million Africans by 2030.
He also recalled his participation in the Dar es Salaam Declaration earlier this year and Nigeria’s presentation of its National Energy Compact, which outlines reform commitments, investment opportunities, and measurable targets to expand clean energy access and clean cooking solutions.
“We are working to position Nigeria as a premier destination for climate-smart investment through the development of a Global Climate Change Investment Fund, which will serve as a platform to blend public and private capital, de-risk green infrastructure, and finance clean energy solutions at scale,” Tinubu said.
He added that the fund will support key national priorities such as green industrial hubs, e-mobility infrastructure, regenerative agriculture, and renewable energy mini-grids for underserved communities.