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Here are the major takeaways from President Bola Ahmed Tinubu's speech at the ongoing Energy Summit in Tanzania:
— Increased Access to Clean Cooking: Nigeria aims to increase access to clean cooking from 22% to 25% annually, targeting universal access by 2030.
— National Energy Compact: A new compact outlines targets and funding plans for universal access to electricity and clean cooking by 2030.
— Current State of Clean Cooking: Only 27% of Nigerians have access to clean fuels and technology for cooking, with 150 million relying on traditional biomass.
— Support for Energy Initiatives: Nigeria supports global initiatives to transform Africa's energy landscape, aiming to electrify 300 million people by 2030.
— Desert to Power Program: Nigeria will actualize the Desert to Power program, backed by a $700 million facility from the African Development Bank.
— Investment in Electricity Sector: The African Development Bank has invested $1.1 billion in Nigeria's electricity sector, expected to provide electricity for 5 million people by 2026.
— Other Renewable Energy Projects: Additional projects include the Nigeria-Grid Battery Energy Storage System and distributed energy access via mini-grids and standalone solar systems, expected to provide access to power for 18.2 million people.
Together, we'll forge a stronger, more inclusive Nigeria, driven by hope and resilience.
#BelieveInPBAT
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