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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
