On Wednesday morning, Vice President Yemi Osinbajo (SAN) flew to the United States to look for alliances and support for Nigeria's recently unveiled Energy Transition Plan on a global scale.
Osinbajo will meet with the World Bank Group, other partners, and his American counterpart Kamala Harris, according to a statement from the vice president's spokesman, Laolu Akande.
After Osinbajo's successful surgery last month, the trip will take place roughly one month later.
With meetings beginning on September 1, 2022, Osinbajo is in charge of Nigeria's Energy Transition Implementation Working Group on the US mission. The goal of the group is to promote the plan and win support from the US government, the private sector, and other development partners on a global scale.
Nigeria’s Energy Transition Plan launched last week is said to need at least $10 billion per annum above business as usual spending for effective implementation.
At the launch, the World Bank and a renewable energy organization – Sun Africa, pledged a sum of $1.5 billion each totaling an initial $3 billion investment to support the implementation of Nigeria’s Energy Transition Plan.
The Nigerian 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.