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
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
