We Intend to Build 250 Gigawatts of Solar Power Plants By 2060–Osinbajo

According to the Vice President,Yemi Osinbajo, as part of investments in green hydrogen during the energy transition, Nigeria plans to build about 250 gigawatts of solar plants by 2060.

The vice president also demanded that an energy transition plan that included a decade's worth of gas proposal be faithfully carried out.

“Nigeria’s energy transition plan attempts to chart a pathway forward because we see solar and renewable energy as the bedrock of that plan. And the plan is to develop about 250 gigawatts of solar plants by 2060, which is when we intend to achieve net zero,”  he stated. “The plan also outlines our decarbonisation strategies in the area of power, oil and gas and transportation.”

He continued, “But it also seeks to mitigate against the possible long-term job losses in the oil and gas sector in particular because this is an industry that has dominated our economy for decades.”

This information was disclosed by Mr. Osinbajo during the publication of the book "Understanding Natural Gas: A Nigerian Perspective" on Thursday in Abuja.

He claimed that Nigeria ought to be thinking in the line of greener gas.

“And the plan is to develop about 250 gigawatts of solar plants by 2060, which is when we intend to achieve the net zero.”

“I believe that investment in hydrogen is something we should take seriously. I am sure that NNPC Limited will take that into account as we plan for the future,” continued the vice-president.

“We must embrace the opportunity to harness our vast natural gas resources responsibly and judiciously and while simultaneously charting a path towards a cleaner and greener future.” 

The vice president pleaded with the Nigeria National Petroleum Company Limited (NNPC Ltd) to take into account putting money into green hydrogen for clean energy.

By 2050, it is expected that demand for green hydrogen, a low-carbon alternative energy, will have increased by 700% globally.

Green hydrogen, which must be produced using natural gas, is already the subject of numerous discussions, according to Mr. Osinbajo, who also noted that its significant investments are being used all over the world.

Gas prices shot up as a result of global geopolitics, particularly the conflict between Russia and Ukraine, he claimed, and nations were forced to face the flaws in their own energy supply plans, prompting urgent calls for reevaluation and diversification.