The federal government has announced its intention to generate 340,000 jobs through a transition to renewable energy by 2030, with an additional 840,000 jobs projected by 2060. The Minister of Power, Adebayo Adelabu, made this declaration during the second edition of the German-Nigerian Symposium on Green Energy,Daily Trust reports.
Adelabu emphasized that the shift towards renewable energy would not only lead to economic growth but also result in the creation of high-quality employment opportunities.
To achieve net-zero emissions by 2060, Adelabu highlighted the need to expand power generation in Nigeria, aiming to eliminate the use of diesel and petrol generators. He expressed the government’s commitment to delivering sufficient, affordable, and sustainable renewable power to citizens through the implementation of the Nigeria Energy Transition Plan (ETP). According to him, the ETP is expected to generate 340,000 jobs by 2030 and 840,000 jobs by 2060.
Adelabu emphasized the crucial role of gas in Nigeria’s transition from traditional fuel sources. He outlined the potential for significant investments in solar energy, green hydrogen, and electric vehicles, providing opportunities for the establishment and expansion of related industries.
The Minister highlighted the current requirement of $1.9 trillion for Nigeria to achieve net-zero emissions by 2060, identifying a $32 billion investment opportunity linked to ongoing programs and projects directly associated with the energy transition.
The German Ambassador to Nigeria, Annett Günther, echoed the commitment of both Germany and Nigeria to drive hydrogen production and use. She referenced German Chancellor Olaf Scholz’s recent visit, emphasizing that the energy partnership between the two nations extends beyond traditional fossil fuels to include hydrogen as a crucial component of the future energy landscape.
Dr. Markus Wagner, the Country Director of GIZ Nigeria & ECOWAS, underscored the transformative potential of green hydrogen in reducing carbon emissions, diversifying energy sources, and fostering economic growth in his remarks.