The African Development Bank Group (AfDB) said Nigeria and the entire Africa could produce between 30 to 60 million tonnes of green hydrogen yearly by 2050, out of which 20 to 40 million tonnes could be exported as pure hydrogen, ammonia and synthetic fuels.
The AfDB said this would require about $680 billion to $1.3 trillion with massive benefits, including 1.9 million to 3.7 million jobs and about $60 billion to $120 billion contribution to the gross domestic product (GDP) in 2050.
The Director General, Nigeria Country Department, AfDB, Lamin Barrow, stated this at the third-anniversary lecture of NatureNews Newspaper and presentation of The Hero of Environmental Actions for Development (HEAD) Awards held in Abuja,
Barrow said without significant access to finance technology and capacity, the decarbonisation of African economies would significantly delay. He said Nigeria can be the pacesetter for the…
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