Nigeria requires 410bn dollars to deliver oil plan by 2060 -Minister

Date:

From Yakubu Mustapha Minna

Federal government has said that the country required $410 billion with $10 billion per annum to achieved Nigeria transition plan by 2060 to address its energy constraint and policy flexibility in the country.

Minister of state for Petroleum Resources, Timipre Sylva made the disclosure at the 7th Meeting of National Council on Hydrocarbons with the theme; Roadmap and Strategic Option Towards Achieving Energy Transition in Nigeria held in Minna.

He said the gathering of experts and policy makers in energy sector was designed to discuss and review energy related issues, identified opportunities, problems to proffer solutions in line with global best practices.

READ MORE  Recovered assets: Tinubu reaffirms commitment to transparency, accountability

Represented by the ministry’s permanent secretary, Gebriel Tanimu Aduda noted that Nigeria is committed to achieving carbon neutrality, end energy poverty by lifting 100 million people out of poverty and drive economic growth.

Niger State Governor, Alhaji Abubakar Sani Bello reiterated that the state has commercial deposit of hydrocarbons in Bida Basin sequel to the progressive reports and findings of federal government and the consultants from IBBU Lapai and FUT Minna.

Represented by the Secretary to the State Government SSG Alhaji Ahmed Ibrahim Matane who called for the political will and appealed to the relevant agencies to expedite actions on the exploration in the Bida Basin for optimal benefits.

READ MORE  Anonymous caller to return 2052 stolen PVC’s in Edo

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

NSITF now a digital, efficient, accountable institution – Faleye

The Managing Director of the Nigeria Social Insurance Trust...

Foundation provides free health insurance for 200 sickle cell warriors in Kwara

Foundation provides free health insurance for 200 sickle cell...

APC North-West Zonal Scribe loses son 

APC North-West Zonal Scribe loses son From Bashir Rabe Mani...

Absence of Tinubu, Shettima from the country: Who is in charge of Nigeria? – Atiku

Says Nigeria can't be governed on autopilot   By Lateef...