President Tinubu Urges Global Investment in Alternative Energy for Africa’s Sustainable Transition

In a high-profile discussion panel on African Green Industrialization hosted by the COP28 Presidency and the President of the United Arab Emirates, President Bola Tinubu emphasized the urgent need for investments in alternative energy to facilitate a comprehensive and effective transition for Nigeria and the African continent.

President Tinubu highlighted the unique challenge faced by Africa, contributing minimally to global carbon emissions but bearing a disproportionate economic burden for transitioning to cleaner energy.

Speaking in Dubai, United Arab Emirates, on Saturday, he urged global manufacturers to join hands in investing in the environmental health of the continent.

Tinubu stated, “Africa doubles as an unrivaled opportunity in this respect. We are removing all obstacles that are inhibiting progress as Africa’s largest economy.

The investment environment is becoming cleaner and better.”

Addressing the complexities of the transition, Tinubu posed critical questions, stating, “How do we get value for our resources? How do you tell a grandmother to stop using firewood to prepare her food? It is for me to invest in solar energy, alternative energy.

He emphasized the importance of encouraging investment while considering the impact on local communities, stating, “Risk management is very key for Africa.

The opportunities must be translated soonest. We are moving forward with urgency, and we will maximize the value given in return for those resources.”

President Tinubu’s remarks underscore the call for international collaboration and strategic investments to facilitate Africa’s transition to alternative energy, acknowledging the continent’s unique position in the global effort to address environmental challenges.