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Nigeria, Germany To Partner On $130bn Global Hydrogen Market

Last updated: May 24, 2024 4:09 pm
2 years ago BY TIENABESO BIBIYE
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Nigeria's Vice President, Kashim Shettima

Vice President Kashim Shettima has reiterated Nigeria’s readiness to tap from the $130 billion global hydrogen market by partnering with the Republic of Germany in the development of its green energy sector.

This move according to him, is the advancement of the country’s hydrogen market in line with its renewable energy objectives and the global energy transition plan from fossil to green sources.

Shettima said this on Friday when he received on a courtesy visit to the Presidential Villa, a German delegation led by a member of German Parliament and Hydrogen Commissioner, Federal Ministry of Education and Research, Till Mansmann.

Underscoring the importance of strong partnership between Nigeria and Germany, the Vice President said Nigeria cannot run away from the fact that sooner than later the country has to do away with fossil fuels and resort to green energy for a sustainable world and an inclusive economic growth.

Head of the German Delegation/Member of German Parliament and Hydrogen Commissioner, Mansmann told reporters after the meeting that Nigeria is a very important partner for the global transformation of energy, saying his country is ready to forge strategic partnership with Nigeria in technology, science and human resources.

The visiting German Parliamentarian Acknowledges Nigeria’s significant potential in the field of green energy, particularly hydrogen production, noting that about 30 countries in Africa have the potential for green energy, especially hydrogen, and Nigeria is one of the most powerful countries in this field.

(Editor: Ebuwa Omo-Osagie)

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