Nigeria is poised to tap into the lucrative $130 billion global hydrogen market through a strategic partnership with Germany, as Vice President Kashim Shettima announced the country's readiness to advance its green energy sector.
During a courtesy visit from a German delegation led by Mr. Till Mansmann, Hydrogen Commissioner of the Federal Ministry of Education and Research, VP Shettima highlighted the importance of transitioning from fossil fuels to sustainable energy sources. "We cannot run away from the fact that sooner than later we have to do away with fossil fuels and resort to green energy for a sustainable world and an inclusive economic growth," he said.
Shettima underscored that developing the hydrogen market could revolutionize various industries in Nigeria, including fertilizer production. He emphasized, "If Nigeria gets its acts right, the entire African continent will equally get it right." He assured Germany of Nigeria’s commitment to this partnership, praising Germany’s human capital and leadership in technology and ethics.
Mr. Mansmann echoed the importance of collaboration, stressing that fighting climate change requires global cooperation. He acknowledged Nigeria’s significant potential in green energy and noted that Germany’s goal of carbon neutrality by 2045 necessitates substantial green energy imports. "Nigeria is a very important partner for the global transformation of energy," Mansmann said.
Both parties highlighted the crucial role of academic institutions in this energy transition, with particular mention of ongoing collaborations with the University of Nigeria, Nsukka. This partnership aims to leverage the talent and innovation fostered within Nigerian universities to drive the development of the hydrogen market and broader renewable energy initiatives.
This partnership marks a significant step towards achieving sustainable energy goals, with Nigeria playing a pivotal role in the global energy transition.
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