By 2030, Nigeria Would Have 5 Million Houses With Power- Buhari
Nigeria is working on an ambitious Electricity Plan, according to President Muhammadu Buhari, with the goal of eradicating energy shortages by 2030.
Fabenmedia Nigeria reports that Buhari spoke in line with Nigeria’s role as a Global Theme Champion for the Energy Transition, the theme of the High-Level Dialogue on Energy on the fringes of the 76th United Nations General Assembly in New York, according to Mr Femi Adesina, the President’s spokesman.
The president said:
“Nigeria’s commitment to a just transition is reflected in our ambitious Energy Compact, which includes the Government’s flagship project to electrify five million households and twenty million people using decentralized solar energy solutions.
“This is a major first step towards closing our energy access deficit by 2030.
“Nigeria’s commitment is also reflected in the development of our Energy Transition Plan, which was developed with support of the UK COP26 Energy Transition Council.”
Nigeria’s president has appealed to developed countries for assistance in unlocking the finance required to speed a just and equitable energy transition for all.
“The focus of our discussions on transition must now evolve how we help countries develop detailed energy transition plans and commitments to mobilize enough financing to empower countries to implement those plans,” he said.
According to him, the amount of money required for Nigeria to attain net-zero over the next 30 years exceeds business-as-usual spending by more than US$ 400 billion across the Nigerian economy.
“This breaks down to US$ 155 billion net spend on generation capacity, US$ 135 billion on transmission and distribution infrastructure, US$ 75 billion on buildings, US$ 21 billion on industry and US$ 12 billion on transport.”
However, until it is phased out, the president stated that gas will continue to play an important role, stressing that solid fuel cooking is still wreaking havoc in Africa:
“As a global leader on the energy transition, it is imperative that I flag a major risk to development that stems from the current narrative around the energy transition, particularly on the role of gas and the lack of financing.
“Nigeria’s Energy Transition Plan has laid out our roadmap to reach net-zero and highlights the scale of the effort required, which includes the development and integration of renewables into current grid infrastructure at tremendous scale and electrification of all sectors.
“This is challenging for any country, especially a developing country. On our development objectives, gas will have a key role to play here for some years before being phased out,” he said.
President Buhari stated that these initiatives must include the supply of energy and clean cooking solutions for individuals in Nigeria and around the world who do not currently have access.
The importance of gas in tackling clean cooking concerns, he claims, is generally neglected.
“Globally there are 2.6 billion people who lack access to clean cooking – which is unacceptable.
“Even more concerning is that solid fuel cooking in Africa causes almost 490,000 premature deaths annually, making it the second-largest health risk in Africa,’’ he further maintained.