How FG Aims to Create 840,000 Jobs By 2060

By Tolulope Oke

President Buhari has stated that his government (FG) will create 840,000 jobs by 2026 through its ongoing transition to renewable energy.

Speaking to attendees of a climate change session at the United Nations General Assembly (UNGA), Buhari stated the use of renewable energy technology to transform Nigeria into a clean energy-led economy in the data-backed energy transition strategy.

Nigeria’s energy transition plan is projected to create 340,000 jobs by 2030 and up to 840,000 jobs by 2060, driven by the transportation, clean cooking and power sectors. According to him, emerging technologies like hydrogen and bioenergy would create pathways for low-carbon development in the country.

The clean energy goals of the plan include modernizing the power sector with large-scale integration of renewable energy, enhancing energy efficiency and conservation; and is expected to generate 250 gigawatts of installed energy capacity with over 90% made up of renewables,” he said.

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Buhari, whose administrative tenure comes to an end by May 2023, said the implementation of the energy transition plan will provide investment opportunities for Nigeria, especially in the area of natural gas for industrialization and power supply. In his speech, he made reference to the possibilities that solar energy, e-mobility, and hydrogen production could give Nigeria, going forward.

In recent times, the Buhari administration has made some of its energy initiatives public. The broader population, however, is not aware of or affected by the implementation of these policies. An example is the 2016-passed Nigeria Gas Flare Commercialization Programme (NGFCP). As of 2022, Nigeria is still spewing gas. Nigerians were intended to be able to move from their internal combustion engine (ICE) automobiles thanks to the National Gas Expansion Programme (NGEP). The policy has yet to be put into effect as of 2022.