In a move to its energy transformation, Nigeria is poised to harness Germany’s €4 billion investment in green energy projects across Africa by 2030.
In a statement by the Director, Media and Corporate Communications of the National Space Research and Development Agency (NASRDA), Dr Felix Ale, the nitiative aligns seamlessly with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes economic diversification, job creation, and sustainable development—fundamental elements of his 8-point plan to revitalize the Nigerian economy.
During the recent German Federal Foreign Office H2 Diplo Study Tour, Chief Uche Geoffrey Nnaji, the Honourable Minister of Innovation, Science, and Technology, underscored the strategic importance of this partnership.
According to the statement, “This collaboration builds on the substantial progress made during President Tinubu’s discussions with German Chancellor Olaf Scholz, culminating in a landmark €500 million renewable energy and gas deal.
“Green hydrogen is not just the oil and gas of the future; it is a vital component of our energy strategy.”
Germany aims to achieve carbon neutrality by 2045 and is looking to Nigeria as a key partner for green hydrogen imports, reinforcing the collaborative nature of this initiative.
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Nnaji engaged with officials from various German ministries, including the Federal Ministry of Research and Education and the Federal Ministry for Economic Cooperation and Development, highlighting the shared commitment to advancing this strategic initiative.
“The partnership not only supports President Tinubu’s core objectives of fostering innovation and promoting industrial growth but also positions Nigeria as a crucial player in the burgeoning green hydrogen market.
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“With the right policy frameworks and infrastructure in place, Nigeria is set to attract substantial foreign direct investment, create jobs, and expand its presence in global energy markets.
“As Nigeria accelerates its efforts to develop robust infrastructure for hydrogen production, storage, and transportation, the anticipated economic benefits are substantial.
“The ability to export green hydrogen to Europe and beyond will solidify Nigeria’s leadership in Africa’s green energy sector and enhance its role as a critical partner in Germany’s energy transition.” the statement added.
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