Like other African countries, Nigeria is stepping up initiatives to fight global warming. The largest oil producer in Africa says it wants to hit net-zero by 2060. The announcement was made last November 2 by President Muhammadu Buhari (pictured) at the UN Climate Change Conference in Glasgow, Scotland.
Achieving this objective will require an investment of about $400 billion, Buhari said. And Bloomberg reported, citing official sources, that $310 billion of the amount will be spent on building electricity generation, transmission, and distribution infrastructure and $75 billion on buildings. Buhari also urged partners to support his country’s ambition through financial assistance, technology transfer, and capacity building.
According to a USAID report, Nigeria accounted for only 1.0% of global greenhouse gas (GHG) emissions in 2014. The country will have to move toward greener resources, to reach its net-zero ambition by 2060.
In April, Nigeria revealed plans to convert one million vehicles to natural gas by 2025 to limit the use of non-eco-friendly fuels in transport and to reduce greenhouse gas emissions. However, President Buhari, during his speech at COP 26, called for the lifting of the embargo on investment in African fossil fuels. He stressed that his country is committed to eliminating illegal gas flaring by 2030.
The Nigerian president says he hopes developed countries will live up to the commitments they made at COP 21 to developing and emerging countries. These commitments include climate-friendly investments, especially in clean energy, green infrastructure, and technological innovation.
Dorcas Loba (intern)
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
JA Africa launches $1.5M digital safety program in four African countries Initiative to ...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Efforts to update the definition of “conflict diamonds” stalled again in Dubai Civil society, producers, and Western states remain split on how...
New smelter in the DRC will process all copper concentrate from Kamoa-Kakula Facility can treat 500,000 tons of concentrate per year and produce...
NUPRC launches a new licensing round covering onshore, shallow, deep, and frontier zones The offer includes 50 blocks aimed at attracting both...
Pretoria says its G20 membership is unconditional as a founding member Washington disputes how the 2025 rotating presidency was handed...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...