3 weeks ago
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The Rural Electrification Agency (REA) and authorities governments person signed renewable vigor agreements worthy $435 cardinal with partners to beforehand energy proviso crossed the country.
The agreements were signed connected Tuesday astatine the Nigeria Renewable Energy Innovation Forum (NREIF 2025) successful Abuja, arsenic the national authorities seeks to found Nigeria arsenic a hub for renewable vigor manufacturing successful Africa.
Vice President Kashim Shettima, who delivered a keynote code astatine the forum, said Nigeria’s vigor modulation presented an concern accidental of implicit $410 cardinal betwixt present and 2060.
He explained that much than $23 cardinal was required to grow vigor entree and link the millions of Nigerians who inactive unrecorded successful vigor poverty.
Shettima, however, noted that beyond entree laic the government’s ambition to present a powerfulness strategy susceptible of 277 gigawatts of full installed capableness by 2060.
He said that from star sheet assembly lines successful Lagos to artillery recycling hubs on concern corridors, Nigeria indispensable not lone enactment successful this gyration but pb it.
“This demands much than investment; it requires innovation, section capacity, and commitment. That is wherefore the taxable of this year’s forum is not lone timely but so essential. Our committedness to a Nigeria-based concern strategy calls connected america to anchor the aboriginal of Africa’s renewable vigor proviso chains close present astatine home.
“The Federal Ministry of Power has demonstrated its readiness to steer Nigeria’s vigor modulation done progressive policies that laic the groundwork for a much decentralised, competitive, and inclusive energy market.
“I indispensable besides commend the Rural Electrification Agency nether the capable enactment of the MD for translating these policies into tangible interaction crossed our communities – illuminating homes, empowering tiny businesses, and transforming lives successful areas erstwhile near behind,” helium said.
Shettima stressed the request for improvement partners and archetypal instrumentality manufacturers to localise technologies, fortify worth chains, and put successful skills and cognition transfer.
According to the Vice President, the occurrence of Nigeria’s vigor modulation volition not beryllium measured by policies oregon projections, but by the quality to alteration ideas into applicable solutions that warrant availability, affordability, and sustainability for each Nigerian.
“Over the adjacent 2 days, agreements volition beryllium signed, partnerships volition beryllium forged, and a nationalist programme consolidated. I americium pleased to denote that done the engagements facilitated nether this forum, much than $400 cardinal successful caller concern commitments person been mobilised into Nigeria’s renewable vigor manufacturing worth chain. This includes star panels, astute meters, artillery storage, and recycling facilities,” helium added.
Under the deal, Ogun State signed agreements with Renew Power Limited and Tranos to present 500MW and 600MW, respectively.
Lagos State signed an statement with Auxano Solar to present 150MW. The authorities besides signed an statement with Levene Photovoltaic Technologies Limited to present a world-class recycling works with a capableness of 2,484 tonnes per annum.
The Akwa Ibom State authorities signed an statement with Tricell Solar Solutions and IRS Green Energy to present 500MW and 600MW, respectively. Kano State besides signed with Tricell Solar Solutions and IRS Green Energy Limited to supply 500MW and 600MW.
Bayelsa State, successful concern with Marine Logistics Limited, and the FCT successful concern with PVG Solar Limited, are expected to present 500MW.
The Rural Electrification Agency signed agreements with Suntisolar Energy Africa Solar Limited and Tsat Telecommunications Company Limited.
Commenting connected the deals, Shettima said, “These investments are projected to make implicit 1,500 nonstop jobs crossed aggregate states and bespeak increasing planetary assurance successful Nigeria’s cleanable vigor industrialisation drive.”
He besides reaffirmed President Tinubu’s committedness to consolidating vigor modulation policies by enhancing incentives for section manufacturing, streamlining regulatory frameworks, and deepening collaboration with authorities governments, investors, and improvement partners.
He commended the Federal Ministry of Power and the Rural Electrification Agency for advancing decentralised, inclusive, and competitory vigor policies that person brought energy to underserved communities.
Speaking astatine the event, REA Managing Director, Engr Abba Aliyu, said the vigor modulation is accelerating, driven by advances successful star technology, artillery storage, and integer vigor systems. “Across the world, a batch is happening,” helium noted.
He observed that nations are positioning their economies for a cleanable vigor revolution.
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