In order to find international collaborations and support for Nigeria’s recently unveiled Energy Transition Plan, Vice President Yemi Osinbajo (SAN) flew to the United States of America on Wednesday morning.
Osinbajo will meet with his American counterpart Kamala Harris, the World Bank Group, and other partners, according to a statement from the vice president’s spokesman, Laolu Akande.
The trip is coming about one month after Osinbajo’s successful surgery.
Osinbajo is in charge of Nigeria’s Energy Transition Implementation Working Group, which will begin meeting on September 1 as part of a US mission. The group’s goals are to promote the plan and win support from the US government, the private sector, and other development partners on a global scale.
According to reports, the efficient implementation of Nigeria’s Energy Transition Plan will require at least $10 billion year in additional spending over what is now being spent.
A total of $3 billion was initially invested in supporting the implementation of Nigeria’s Energy Transition Plan by the World Bank and Sun Africa, a renewable energy organisation, at the start.
The VP will also meet US Secretary of Energy Jennifer Granholm; Secretary of Treasury Janet Yellen; and President of World Bank Group, David Malpass; among others.
The Vice President’s delegation to the US will include Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Works and Housing, Babatunde Fashola; Minister of Power, Abubakar Aliyu; Minister of Environment, Mohammed Abdullahi; Minister of State for Petroleum Resources, Timipre Sylva; amongst others.
Osinbajo is expected to return to Abuja early next week.