Nigerian Government Eyes N834tn To Meet Net Zero Target

The Federal Government says Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and meeting the country’s Energy Transition Plan. <br />The Energy Transition Plan says Nigeria would require $1.9trn to get to net zero by 2060, including $410bn above projected usual spending, which translates to about $10bn or N4trn annually over the coming decades. <br />The Federal Government says Nigeria would raise an initial $10bn support package ahead of the COP27 holding in Egypt, adding that a $23bn investment opportunity had also been identified based on current in-country programs and projected that were directly related to just the energy transition.