Skip to main content

Nigeria requires $410bn to achieve energy transition – FG

 The Federal Government says Nigeria requires $410 billion to achieve its energy transition plan by 2060 to address challenges and policy flexibility in the sector.

The Minister of State for Petroleum Resources, Timipre Sylva, said this at the 7th Meeting of the National Council on Hydrocarbons in Minna.

The News Agency of Nigeria reports that the theme of the meeting was, “Roadmap and Strategic Option Towards Achieving Energy Transition in Nigeria.”

Sylva, who was represented by the Ministry’s Permanent Secretary, Gabriel Aduda, said that Nigeria was committed to achieving carbon neutrality.

“This will end energy poverty as it will lift 100 million people out of poverty and drive economic growth forward.”

The minister of state said the country through the Solid Minerals Development Fund was on the verge of unveiling a cutting-edge technology in gold mining.

 He said to this end, the Federal Government had received 34 Memorandum of Understanding.

Sylva said seven were merged and  11 were stepped down, adding that the memos had been presented to the council for consideration.

He applauded Niger State for its large quantity of solid mineral resources and hydrocarbon deposits in commercial quantity.

NAN reports that the three-day meeting is being attended by stakeholders in the oil and gas sector, hydro, energy, academia, and security as well as traditional leaders.

NAN

Nigeria requires $410bn to achieve energy transition – FG (punchng.com)

Labels:

Comments

Post a Comment

Popular posts from this blog

Causes, Symptoms and Treatment of Stomach Ulcer

   WHAT IS STOMACH ULCER Stomach ulcers   also known as  G astric   Ulcer.    open sores that develop within the lining of your stomach.   Stomach ulcers are a type of  Peptic Ulcer  disease. Peptic ulcers are any ulcers that affect both the stomach and small intestines. Stomach ulcers occur when the thick layer of mucus that protects your stomach from digestive juices is reduced. This allows the digestive acids to eat away at the tissues that line the stomach, causing an ulcer.   Stomach ulcers may be easily cured, but they can become severe without proper treatment.   WHAT CAUSES ULCER In the majority of all ulcer cases, the cause of ulcers can be linked to a bacterial infection known as a Helicobacter pylori (H. pylori)   usually present in the mucus lining of the intestine.   In certain cases it can cause inflammation and lead to the formation of an ulcer. Helicobacter pylori (H. pylori)   can spread from per...
Post a Comment
Read more

How to Travel Abroad

  Traveling abroad can be a strikingly simple endeavor when you're prepared. Do your research and study the destination; plan your itinerary and arrange the logistics; and pack for the weather, culture, and activities that you expect. Read on for more specific tips on successfully traveling abroad. Researching a Destination Get a good guidebook.  Fodor's, Rick Steves, and the Michelin guides are all excellent places to start. Make sure you have the most up-to-date guide book for the area of the world you intend to visit. Some are updated every year. Others are updated every other year, or every few years. A good guidebook is a $15-20 investment that can save a lot of headache. Don't be afraid to rip it up and staple together only the pieces you need. A well-kept guidebook might make a nice souvenir, but it may not be worth the extra weight of carrying around information that you don't need. Travel blogs, photos, and recommendations that you can find online can also be h...
Post a Comment
Read more

How To Relax Your Mind And Body From Anxiety

  Activities that switch on the bodys natural relaxation response feel great, Buenaver says. And they have been proven by research to improve sleep. They help by reducing the release of the stress hormones cortisol and adrenaline and by slowing your heart rate and breathing. Your body and mind calm down. Yoga, tai chi and meditation are helpful stress relief techniques. So are these two simple exercises that Buenaver recommends to patients who are struggling with sleepless nights. Gentle breathing: In a quiet place, sit or lie down in a comfortable position. It may help to close your eyes. Breathe slowly in and out for about five minutes. As you inhale, breathe down into your belly. Focus on your breath. If youd like, repeat to yourself, Breathing in I am calm, breathing out I am coping. Progressive muscle relaxation: In a quiet place, sit or lie down in a comfortable position. Take a few gentle breaths, in and out. Begin tensing groups of muscles one at a time as you breathe. Hold...
Post a Comment
Read more