Osinbajo: Sub-Saharan Africa requires $40bn annual investment for energy transition

Osinbajo: Sub-Saharan Africa requires bn annual investment for energy transition

Vice-President Yemi Osinbajo says sub-Saharan Africa (SSA) will require an annual investment of $40 billion to develop and implement a robust energy transition plan.

Osinbajo said this at the 7th annual New York-based Columbia University global energy summit on Tuesday.

He said while investments in fossil fuels are being sustained in wealthier countries, banning gas investments in developing nations raised questions around equity, justice and inclusion.

Osinbajo therefore called for a more just, equitable and inclusive global energy transition, especially among developing…

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Osinbajo: Sub-Saharan Africa requires $40bn annual investment for energy transition

 

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