OrderPaperToday – Sponsor of the Climate Change Bill in the House of Representatives, Samuel Onuigbo, has stated that Nigeria’s young population is a goldmine-in-waiting for investments into renewable energy.
Onuigbo spoke while addressing parliamentarians from different parts of the world under the aegis of the Global Legislators Organization for a Balanced Environment (GLOBE) at the Scottish Parliament at the recently held COP26 Conference in Glasgow.
Onuigbo (APC, Ikwuano/Umuahia North & South), who is President of GLOBE in Nigeria, and vice president of the body in charge of Africa, made his presentation, titled “Net Zero laws, NDCs and Green Recovery-Who is Getting it Right? The Nigerian Perspective.”
The lawmaker stated that “with over 60% young populations, Nigeria is a goldmine-in-waiting for investments into renewable energy. This is especially in areas such as bioenergy, small hydro-, and solar and climate-smart agricultural practices.”
Furthermore, he stated that “it is impossible to demand that Nigeria’ leaves the resource in the ground’ as the means to reducing carbon emissions. Nigeria as a developing country with huge poverty levels cannot afford to add the pressure of stranded assets to her current challenges.”
On the recently passed climate bill by both chambers of the National Assembly, Oniuigbo said that “the bill supports the country attaining net zero in record time.”
Additionally, he reiterated that “providing climate capacity building and climate financing for developing countries to enable meeting net zero goals is critical.”
Thus “nature-based approach to achieving net zero economy should be supported. Thus initiatives such as the Great Green Wall Initiative (GGWI), REDD+, Environmental Economic Accounting, and expanding applications of renewable energy options provide significant opportunities for developed countries to support Nigeria in meeting her net zero commitments,” the lawmaker said further.
In concluding his presentation, Oniuigbo said that “no one should be left behind, this (energy) transition must be just, fair, inclusive, and above all must have a human face!”
Watch his presentation here.