The United States Government is committing 200 million U.S. dollars to the start-up process of the Clean Energy Demand Initiative to help address climate change challenges in Nigeria.
This assurance was made known by the U.S. Special Presidential Envoy for Climate, Mr. John Kerry, during a courtesy visit to the Minister of Environment, Mr. Mohammed Abdullahi, in Abuja on Tuesday.
Kerry, who signed a Memorandum of Understanding (MoU) with the minister on the initiative, said the programme started in Glasgow and would help to address the climate crisis and create jobs for Nigerians.
He said the initiative is a way by which companies and countries can make decisions to implement buying or production of green products.
“The initiative is also to accelerate the marketplace creation so that it will help transition programme faster and help to achieve a clean energy economy as well as dealing with the climate crisis.
“The minister has agreed in the letter of intent. We have 200 million dollars at the moment committed to the startup in the process of safety,” he said.
Kerry said the initiative would take billions of dollars of investments in the country.
“We talked today about the ways in which we can be helpful to bring a major amount of capital to the table with technology to help Nigeria, move faster to the clean energy economy. That is the future and all of the citizens of Nigeria will benefit from cleaner air,” he said.
He said Nigeria is taking the lead in tackling climate change and that the clean energy initiative will help in pushing Nigerian businesses forward.
“You are a producer of fossil fuel you have enormous gas reserves. But you also have great respect for the land and great concern about how to proceed forward. And so I would like to explore with you and listen to you to think through how we can work together as you implement your own climate change.”
“As you also think about the long-term future and sustainability for Nigeria and Africa, we will like to explore with you how we can increase the ambition that you have set out already in your Nationally Determined Contribution (NDC).
“I congratulate you. Nigeria is taking a lead toward COP 27 and it is an opportunity to reduce emissions and deal with the climate crisis.
In his remarks, the minister said the MoU would help Nigeria to participate in the clean energy demand initiative being supported by the U.S. government.
He thanked the U.S. Government for its support and commitment to ensuring that the environmental crisis is tackled in the country.
Thereafter, Abdullahi said that the ministry was also committed to strongly working with the U.S Government for effective implementation of environmental programmes and achieving net zero emission in the country.