Vice President, Prof. Yemi Osinbajo has met with World Bank President, David Malpass, in Washington DC, where he was promoting Nigeria’s Energy Transition Plan with stakeholders.
Prof. Osinbajo announced the meeting with Malpass on his verified handle on Twitter.
He said “It was a pleasure to meet with President @DavidMalpassWBG.
It was a pleasure to meet with President @DavidMalpassWBG of the WBG.
We discussed Nigeria's ETP, our commitment to carbon neutrality, Nigeria's development alongside our climate ambition, strengthening energy institutions & market, attracting FDIs and exchange rate unification. pic.twitter.com/bT1zN11vDt
— Prof Yemi Osinbajo (@ProfOsinbajo) September 2, 2022
“We discussed Nigeria’s ETP, our commitment to carbon neutrality, Nigeria’s development alongside our climate ambition, strengthening energy institutions & market, attracting FDIs and exchange rate unification.”
“I was pleased to hear the World Bank Group’s readiness to support Nigeria on a few fronts including increasing social assistance for the poor and vulnerable,” Vice President Osinbajo twitted.
The US Treasury Secretary J. Yellen was also met by Prof. Osinbajo, according to his statement, “to seek support for Nigeria’s Energy Transition Plan and for Nigeria’s participation as a G7 Climate Partnership Country.”
Nigeria’s Energy Transition Plan, which was recently unveiled at a global virtual event, is a self-developed, data-supported, and multi-pronged strategy designed to help the country meet its commitment to achieve net-zero emissions by 2060 in five crucial sectors, including power, cooking, oil and gas, transport, and industry.
The Federal Government has said Nigeria needs $410 billion to the Energy Transition Plan by 2060.