Osinbajo Off To US For Nigeria’s Energy Transition Plan

The Vice President, Professor Osinbajo inaugurated an Expanded Partnership Committee on Sustainable Blue Economy on Monday at the Presidential Villa.


The committee, chaired by Professor Osinbajo is composed of State
Governors, several Ministers, representatives of Military and Security
agencies and other members from the Private sector.


The Blue Economy is the sustainable use of ocean resources for
economic growth, improved livelihoods and jobs while preserving the
health of ocean ecosystems. It entails emerging renewable energy,
seabed extractive activities and marine biotechnology and bio-
prospecting.


The Committee’s Terms of Reference include; providing an assessment
of the current realities, opportunities and challenges for economic
diversification and the growth of a sustainable blue economy in Nigeria
as well as identifying and reviewing relevant policies and
institutional/capacity building mechanisms for blue economy
development in Nigeria.

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