President Bola Ahmed Tinubu has said that Nigeria and Africa urgently require investments in alternative energy to fully and successfully transition to sustainable energy.
President Tinubu made the remarks while speaking at a panel on African Green Industrialisation on the sidelines of the COP 28.
Tinubu said that there was an urgent need for fresh investments in crucial areas to capitalize on Africa’s great potential contribution to the emerging global green economy while allowing the continent to properly adapt and transition.
President Tinubu, who is aware that Africa contributes the least to global carbon emissions but bears a disproportionate share of the economic burden for transitioning to cleaner energy, said risk management was critical for Africa’s full and rapid transition to cleaner energy, emphasizing that Africa must not become a victim of the disruptions that come with climate change mitigation measures.
“Global manufacturers must partner with us to invest in the health of our collective environment. Africa doubles as an unrivaled opportunity in this respect.
“We are removing all obstacles that are inhibiting progress as Africa’s largest economy. The investment environment is becoming cleaner and better,” he said.
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