Sub-Saharan Africa needs $40bn annually for energy transition plans – Osinbajo

Vice President Yemi Osinbajo says Sub-Saharan African will require annual investment of $40 billion to implement a robust energy transition plan.

Osinbajo’s spokesman, Laolu Akande, in a statement in Abuja said that the vice president said this in his keynote speech at the virtual 7th Annual New York-based Columbia University Global Energy Summit.

The summit was organised by the Columbia Centre on Global Energy Policy.

This year’s edition focused on shaping current energy system, what is ahead for energy policy, energy markets, geopolitics, technology and efforts to reduce emissions.

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