Nigeria will be a beneficiary of Germany’s ambitious €4bn investment in green energy projects across Africa by 2030.

This was made known in a statement by the Director of Media and Corporate Communications at the National Space Research and Development Agency, Dr Felix Ale, on Tuesday, October 21, 2024.

Ale shared the insights after the German Federal Foreign Office H2 Diplo Study Tour, during which Nigeria’s Minister of Innovation, Science, and Technology, Chief Uche Nnaji, stressed on the strategic importance of this collaboration.

Nnaji stated: “Nigeria is making a bold move in its energy transformation by positioning itself to benefit from Germany’s €4 billion commitment to green energy projects across Africa by 2030.

“This initiative is fully aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which emphasises economic diversification, job creation, and sustainable development—key pillars of his 8-point plan to revitalize Nigeria’s economy.

“Our engagement with Germany builds on the fruitful discussions between President Tinubu and Chancellor Olaf Scholz, which resulted in a landmark €500 million renewable energy and gas deal,” Nnaji stated.

Nnaji further disclosed that the discussions involved key representatives from German ministries, and that includes the Federal Ministry of Research and Education and the Federal Ministry for Economic Cooperation and Development.

“These stakeholders are pivotal in advancing the green hydrogen initiative, a clean and renewable resource poised to decarbonize industries and enhance energy security in Nigeria,” he added.

The minister noted that Green hydrogen often likened to the oil and gas of the future, presents vast economic opportunities.

He revealed that Germany plans to import green hydrogen from Nigeria as part of its efforts to achieve carbon neutrality by 2045.

“As Germany aims for carbon neutrality by 2045, it plans to import green hydrogen from partners like Nigeria, underscoring the strategic significance of this collaboration.

“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.

“The potential for Nigeria to export green hydrogen to Europe and beyond enhances its leadership role in Africa’s green energy landscape and solidifies its status as a vital partner in Germany’s energy transition.”