VP Osinbajo argues that gas is vital to Africa's energy transition
Nigeria calls for “just” energy transition and gas funding
Nigerian Vice President Yemi Osinbajo urges equitable energy transition for developing world and criticises growing reluctance of developed nations, banks and institutions to fund African gas projects
Developed Western institutions and banks are increasingly blocking fossil fuel investment, but they ought to recognise the significant differences between different fuels and the context of their use, Osinbajo says. The African Development Bank, for instance, still supports oil and gas schemes, but Western reluctance means it is becoming harder for the bank to secure additional finance and close large natural gas projects. This, the vice president says, goes against sustainable development goals and the principle of equity. “The path to decarbonisation by 2050 needs to solve energy poverty by 2030, or that demand will be met through dirty energy sources” And sub-Saharan Africa, exclu
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
