Vice President,
Prof. Yemi Osinbajo, has said Nigeria requires about $1 trillion investment to
modernise its energy infrastructure. Osinbajo, who stated this while declaring
open the National Energy and Climate Change summit at the Old Banquet Hall,
Presidential Villa, in Abuja, yesterday, said government was doing a lot to
attract domestic and foreign-direct investments into the energy sector.
He added that the nation’s
energy and energy-related policies were not only geared towards energy supply
security but to also mitigate global warming. While commending the Energy
Commission of Nigeria, ECN, and the Federal Ministry of Science and Technology,
FMST, for organising the summit, Prof. Osinbajo, who was represented by
Minister of Science and Technology, Dr. Ogbonnaya Onu, said government had
increased transparency and openness in governance to support private
investment.
He said: “This important
event will provide a high-level forum to discuss energy and climate change as
they relate to economic development and environmental protection. “I am happy
that this summit is taking place at a time the Federal Ministry of Science and
Technology, FMST, is working hard to help move our economy away from being
resource-based to an economy that is knowledge-based and innovation-driven.”
Source: Vanguard
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