Nigeria is poised to benefit from Germany’s ambitious €4 billion investment in green energy projects across Africa by 2030.
This announcement was made by Dr. Felix Ale, the Director of Media and Corporate Communications at the National Space Research and Development Agency.
The information came after the German Federal Foreign Office’s H2 Diplo Study Tour, where Nigeria’s Minister of Innovation, Science, and Technology, Chief Uche Nnaji, emphasized the strategic importance of this partnership. Nnaji stated, “Nigeria is making a significant move in its energy transformation by positioning itself to take advantage of Germany’s €4 billion commitment to green energy initiatives across Africa by 2030.”
He highlighted that this initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which focuses on economic diversification, job creation, and sustainable development—central elements of his 8-point plan to revitalize the Nigerian economy.
Nnaji noted that the engagement with Germany builds on successful discussions between President Tinubu and Chancellor Olaf Scholz, which led to a landmark €500 million renewable energy and gas agreement. The discussions included key representatives from German ministries, such as the Federal Ministry of Research and Education and the Federal Ministry for Economic Cooperation and Development.
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These stakeholders are crucial in advancing the green hydrogen initiative, a clean and renewable resource that can decarbonize industries and improve energy security in Nigeria. Nnaji pointed out that green hydrogen is often referred to as the “oil and gas of the future,” offering vast economic opportunities.
He explained that Germany plans to import green hydrogen from Nigeria as part of its strategy to achieve carbon neutrality by 2045. “As Germany seeks carbon neutrality by 2045, it intends to import green hydrogen from partners like Nigeria, highlighting the strategic importance of this collaboration,” Nnaji said.
This partnership not only supports President Tinubu’s goals of innovation and industrial growth but also positions Nigeria as a leader in the global green hydrogen market. By adopting advanced technologies and fostering a favorable business environment, Nigeria aims to attract significant foreign direct investments, create jobs, and enhance its energy export capabilities.
Nnaji concluded, “The potential for Nigeria to export green hydrogen to Europe and beyond reinforces its leadership role in Africa’s green energy sector and solidifies its status as a crucial partner in Germany’s energy transition.”
