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Stakeholders advocate action plan for energy transition

Stakeholders in the energy sector have called for an implementable action plan for Nigeria’s energy transition plan.

They also asked that the plan be more consultative and linked with the National Development plan and the Medium term Expenditure Framework.

This is contained in a communiqué issued in Abuja at the end of a national dialogue on energy transition.

The stakeholders also said there was a need to operationalize the Petroleum Industry Act, PIA, as it includes provisions that facilitate the use of gas as a transition fuel and decarbonization.

They urged the federal government to be explicit on the delivery mechanism of the energy transition and how the green economy will translate to job creation for Nigerians.

The stakeholders, which comprised relevant Government institutions, civil society groups, the Central Bank of Nigeria and private sector operators said the energy transition plan must be driven by a roadmap that spells out modalities for funding and identifies risks and opportunities in the transition process.

Writing by Biodun Dare; Editing by Oluwaseyi Ajibade/Annabel Nwachukwu