Nigeria is willing and ready to gain from the $130 billion global hydrogen market by partnering with the Republic of Germany in the development of its green energy sector.
This was made known by Vice President Kashim Shettima when he played host to a German delegation led by a member of German Parliament and Hydrogen Commissioner, Federal Ministry of Education and Research, Mr Till Mansmann at the State House, Abuja.
The Vice President stated that the strategy is to grow the nation’s hydrogen market in accordance with its goals for renewable energy and the global energy transition plan from fossil fuels to green sources in a statement released by his media assistant, Stanley Nkwocha.
“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.
“We appreciate you and there is ample opportunity for us to partner towards the development of the 130 billion-dollars global hydrogen market projected by the World Bank to grow at 9% per annum.”
According to Shettima, Africa as a whole would get it right if Nigeria gets it right.
“Hydrogen has the potential of revolutionizing a lot of industries in Nigeria, including fertilizer production. The Federal Ministry of Science and Technology is ready to partner with authorities in Germany to drive the process towards developing the hydrogen market in Nigeria and beyond,” he continued.
“Partnering to develop the hydrogen market in Nigeria will positively impact the rest of the African continent given its potentials and position. The potentials are here in Nigeria. When Nigeria gets its acts right, Africa will get it right too. You have a partner in Nigeria, In President Tinubu, you have a partner that you can trust. Leadership is about the ability to provide ideas to the problems of a nation”.
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