Nigeria is poised to gain from Germany’s significant €4bn investment in green energy initiatives throughout Africa by 2030.
The Director of Media and Corporate Communications at the National Space Research and Development Agency, Dr. Felix Ale, made this disclosure in a statement on Tuesday.
Ale presented the insights gained from the German Federal Foreign Office H2 Diplo Study Tour, where Nigeria’s Minister of Innovation, Science, and Technology, Chief Uche Nnaji, highlighted the strategic significance of this collaboration.
“Nigeria is strategically advancing its energy transformation by aligning with Germany’s €4 billion commitment to green energy projects throughout Africa by 2030,” Nnaji stated.
He stated, “This initiative is entirely in accordance with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which highlights economic diversification, job creation, and sustainable development—essential components of his 8-point plan to rejuvenate Nigeria’s economy.”
The minister stated that the collaboration with Germany was established through productive discussions between the president and the Chancellor of Germany.
“Our collaboration with Germany is founded on the productive dialogues between President Tinubu and Chancellor Olaf Scholz, culminating in a significant €500 million renewable energy and gas agreement,” Nnaji stated.
Nnaji disclosed that the discussions included prominent representatives from German ministries, such as the Federal Ministry of Research and Education and the Federal Ministry for Economic Cooperation and Development.
“These stakeholders play a crucial role in promoting the green hydrogen initiative, a clean and renewable resource that has the potential to decarbonize industries and improve energy security in Nigeria,” he added.
The minister emphasized that green hydrogen, frequently compared to the oil and gas sectors of the future, offers significant economic potential.
Germany has announced its intention to import green hydrogen from Nigeria as a strategic initiative to reach carbon neutrality by 2045.
Germany is pursuing carbon neutrality by 2045 and intends to import green hydrogen from partners such as Nigeria, highlighting the importance of this collaboration.
“This partnership not only aligns with President Tinubu’s objectives of innovation and industrial growth but also establishes Nigeria as a frontrunner in the global green hydrogen market,” Nnaji remarked.
Nnaji emphasized that Nigeria seeks to attract significant foreign direct investments, create jobs, and enhance its energy export capabilities through the adoption of advanced technologies and the establishment of a favorable business environment.
He stated, “The potential for Nigeria to export green hydrogen to Europe and beyond enhances its leadership role in Africa’s green energy landscape and solidifies its status as a vital partner in Germany’s energy transition.”
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