Dr heineken lokpobiri, the minister of state for petroleum resources (oil) has revealed that nigeria will spend a total of $3.1tn to switch from fossil fuel to cleaner and renewable energy. according to lokpobiri, nigeria had projected $1.9 trillion for energy transition plan, while $1.2 trillion was estimated for renewable energy plan in 2060. he made this known at the 54th annual meeting of the world economic forum, in davos, switzerland. he stated that said himself, vice president kashim shettima, and other global leaders, had harped on the nation’s commitment to responsible fossil fuel exploration, leveraging cutting-edge technologies. he further explained that nigeria’s energy policies aligned with the organisation of the petroleum exporting countries (opec) expectations, showcasing the country’s “dedication to sustainable practices. lokpobiri said: ”africa, nigeria in particular, will not rely on aids and grants to transition to cleaner and renewable energy sources in 2060.
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