Nigeria to hold advanced talks with Egypt for cooperation in the energy sector

Nigeria to hold advanced talks with Egypt for cooperation in the energy sector

Sharm El-Sheikh – Nigerian Minister of Environment Muhammad Abdullah revealed on Tuesday that his country is seeking more cooperation with Egypt, especially in the energy sector, pointing out that there are advanced talks with the Egyptian side and meetings that are scheduled to be held during the coming period to further cooperation.

Abdullah added that his country will participate in launching the African carbon market and cooperate with Egypt in this aspect, especially as it sees promising opportunities in this market.

This came in an interview with Daily News Egypt on the side-lines of the UN Conference of Parties on Climate Change (COP27) that is being held in Sharm El-Sheikh till 18 November.

The minister explained that the climate action agenda for Africa includes three main axes — damage and losses, climate adaptation, and the equitable transition of energy — pointing out that his country enjoys great resources related to gas and oil.

He added that his country plans to transition from traditional energy to clean energy by 2035, especially in light of Africa’s pursuit of growth, specifically in the industrial fields.

Furthermore, Abdullah stressed that African countries are currently in dire need of financing to just survive, and that the major problem is how