Why Africa Can Not Hastily Transition From Fossil Fuels -Lokpobiri


0

The Minister for State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has given reasons why Africa cannot hurriedly transition from fossil fuels to renewable energy.

Sen. Lokpobiri said, “Africa, including Nigeria, cannot hastily transition with aids or grants. What we need is a strategic investment in our fossil fuels sector to bolster our economy and ensure energy security.”

He highlighted that Africa’s contributions to global emissions stand at a modest 3%, urging against precipitous actions that could impede the continent’s economic growth.

The Special Adviser on Media and Communication to the Minister, Nneamaka Okafor said, the Minister gave the reasons while delivering his speech at the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland.

Emphasizing the importance of financial independence in this transition, the Minister steered the conversation towards fostering investment and partnerships rather than deadlines.

In a resolute statement, he stated, “The conversation should be about fostering strategic partnerships and attracting investment, not enforcing timelines that could undermine our economic stability.”

The Minister’s words echoed the sentiment that transitioning should not be a rushed process but a carefully orchestrated collaboration between nations and industries.

Acknowledging Nigeria’s significant role in this global discourse, Minister Lokpobiri shed light on the country’s ambitious plans.

“With a projected transition plan and renewable energy investment of USD1.9 trillion and USD1.2 trillion by 2060, respectively, Nigeria recognizes the need to rely on its fossil fuels to finance this transition.”

However, he underscored the commitment to responsible exploration, assuring that Nigeria would balance economic growth with environmental responsibility.

Highlighting the urgency for international cooperation, the Minister urged, “We need to shift the focus from deadlines to meaningful investment and collaboration. This is not just about Nigeria; it’s about global partnerships that benefit everyone involved.”

The Minister made a compelling case for the symbiotic relationship between fossil fuels and renewable energy, emphasizing the need for a balanced approach that fosters economic growth and ensures environmental sustainability.

As the global community grapples with the transition dilemma, the Minister’s call for investment and partnership resonates as a pragmatic pathway to a sustainable future.


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Editor

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format