FG considers collaboration with Riyadh IEF for blue hydrogen investment
The Federal Government yesterday begun to explore collaboration with the Riyadh, Saudi Arabia based International Energy Forum (IEF) on drive for blue investment and development.
Special Presidential Envoy on Climate Action (SPEC) and spokesman to President Bola Tinubu made this disclosure in an update of his activities for yesterday.
He said: “Our efforts recorded significant progress on Thursday, which doubled as a day of follow-ups and verification-based discussions with partners.
“The day began early with an incredibly insightful discussion with the Secretary-General of the Riyadh-based International Energy Forum (IEF), Mr. Joseph McMonigle.
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“We explored new collaboration concerning Nigeria’s newly accelerated drive for blue hydrogen investment and development amongst many other exciting opportunities.
“Within an hour, I was pleased to welcome the MD/CEO of the Development Bank of Nigeria (DBN), Mr. Tony Okpanachi and his talented team.
“I congratulated them on becoming the first Nigerian financial institution to be accredited by the Green Climate Fund (GCF), which opens a new vista of climate financing for important projects nationwide.
“Furthermore, we discussed how to partner in advancing the priority areas of H.E. President Bola Tinubu’s administration within our green industrial growth acceleration programme.”
