Nigeria requires $410 billion to achieve its energy transition plan by 2060 to address challenges and policy flexibility in the sector, the Federal Government has said.
this At the 7th Meeting of the National Council on Hydrocarbons in Minna, Niger State, the Minister of State for Petroleum Resources, Chief Timipre Sylva said that Nigeria was committed to achieving carbon neutrality.
Represented by the that the Ministry’s Permanent Secretary, Mr Gabriel Aduda, the Minister assured: “This will end energy poverty as it will lift 100 million people out of poverty and drive economic growth forward”.
Sylva said that, through the Solid Minerals Development Fund, Nigeria was on the verge of unveiling a cutting-edge technology in gold mining.
To this end, he said that the Federal Government had received 34 Memorands of Understanding.
According to him, seven of the MoUs were merged and 11 were stepped down, adding that the memos had been presented to the council for consideration.
He applauded Niger State for its large quantity of solid mineral resources and hydrocarbon deposits in commercial quantity.
The three-day meeting is being attended by stakeholders in the oil and gas sector, hydro, energy, academia, and security as well as traditional leaders.
Source: News Agency of Nigeria
