Categories: BusinessNews

FG SEEKS US SUPPORT FOR ENERGY TRANSITION

President Bola Tinubu, on Monday called for an equitable balance between fossil fuel and green energy in the race for energy transition.

He also urged the United States and other developed nations not to forget Nigeria and Africa’s challenge with poverty as the world transitions into clean energy

During a meeting with United States Assistant Secretary of State, Bureau of Energy Resources, Geoffrey Praytt, at the State House in Abuja, the President said the new energy represents just 5 per cent of global energy requirements.

The Special Adviser to the President on Special Duties, Communication and Strategy, Dele Alake, disclosed this in a statement he signed on Monday.’

President Tinubu presented his perspectives to the US delegation on the role of Nigeria as an oil producing country and the importance of revenue from fossil oil to national economic well-being.

He maintained that the country will honour all its obligations to climate change and its quest for clean energy.

On the nexus between the problem of poverty in Africa and fragility of democracy on the continent, President Tinubu admonished the United States to work with Nigeria to protect the government of the people.

He also urged the Assistant Secretary of State to impress on his home government the urgency of responding to the needs of Nigeria.

Earlier in his introductory remarks, Group Managing Director of NNPC Limited, Mele Kyari, told the President that the Energy Industry in Nigeria had been engaging the US Department of Energy on the energy transition.

Kyari acknowledged the support the Nigerian government received from the US Department of Energy to develop the Petroleum Industry Act

VOP Lagos

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