Nigeria to Benefit from €4 Billion German Green Energy Investment by 2030
Nigeria is poised to gain from Germany’s €4 billion investment in green energy projects across Africa, set to be completed by 2030. This announcement was made by Felix Ale, Director of Media and Corporate Communications at the National Space Research and Development Agency (NASRDA), following the German Federal Foreign Office’s H2 Diplo Study Tour.
Uche Nnaji, Nigeria’s Minister of Innovation, Science, and Technology, emphasized the strategic significance of this collaboration. He noted that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which focuses on economic diversification, job creation, and sustainable development. The collaboration with Germany builds on earlier discussions between President Tinubu and Chancellor Olaf Scholz, which led to a €500 million renewable energy and gas deal.
Germany’s plan to import green hydrogen from Nigeria is key to its goal of achieving carbon neutrality by 2045. This partnership positions Nigeria as a major player in the global green hydrogen market, opening up vast economic opportunities and supporting industrial growth in the country.
Nigeria is poised to gain from Germany’s €4 billion investment in green energy projects across Africa, set to be completed by 2030. This announcement was made by Felix Ale, Director of Media and Corporate Communications at the National Space Research and Development Agency (NASRDA), following the German Federal Foreign Office’s H2 Diplo Study Tour.
Uche Nnaji, Nigeria’s Minister of Innovation, Science, and Technology, emphasized the strategic significance of this collaboration. He noted that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which focuses on economic diversification, job creation, and sustainable development. The collaboration with Germany builds on earlier discussions between President Tinubu and Chancellor Olaf Scholz, which led to a €500 million renewable energy and gas deal.
Germany’s plan to import green hydrogen from Nigeria is key to its goal of achieving carbon neutrality by 2045. This partnership positions Nigeria as a major player in the global green hydrogen market, opening up vast economic opportunities and supporting industrial growth in the country.