The Minister of Power, Mr. Adebayo Adelabu, has reaffirmed the commitment of his ministry to prioritise electricity supply in Nigeria throughout 2024, aligning with President Bola Tinubu’s agenda for a transformative shift in the country’s power sector. According to Mr. Bolaji Tunji, Special Adviser, Communication, and Strategy to the Minister of Power, Adelabu emphasised the Read More…
Tag: renewable energy
Sanwo-Olu advocates global partnerships for climate resilience plan
Governor Babajide Sanwo-Olu of Lagos State urged global collaboration in implementing the state’s climate adaptation and resilience plan during his address at a COP28 side event in Dubai. Sanwo-Olu emphasised three key areas with substantial potential for global development: waste management and recycling, public transportation, and renewable energy. He highlighted these sectors as vital opportunities Read More…
Nigerian-German economic ties strengthened by $500 million renewable energy pact and gas export deal
In Berlin, Nigerian and German firms have solidified their economic partnership by signing two significant agreements, announced a presidential spokesperson. The deals encompass a substantial $500 million renewable energy pact and a gas export arrangement, marking a pivotal step in bolstering ties between the nations. Union Bank of Nigeria and Germany’s DWS Group sealed a Read More…
Sun Africa LLC pledges $2.2 billion for Nigeria’s power infrastructure
In a significant move, Sun Africa LLC, an international organisation, has pledged extensive support to bolster President Bola Tinubu’s administration by injecting $2.2 billion into critical power infrastructure development for Nigeria. The Minister of Power, Mr.Adebayo Adelabu, in a statement released in Abuja on Sunday by Mr. Bolaji Tunji, his Special Adviser for Strategic Communication Read More…
Renewable Energy Association of Nigeria secures $80 million for energy projects
The President of the Renewable Energy Association of Nigeria (REAN), Mr. Ayo Ademilua, has revealed that there are substantial funds amounting to approximately $80 million available for energy projects in Nigeria through various investors. Ademilua made this announcement during the Renewable Energy Investment Matchmaking event held in Lagos with the theme “Energising Partnerships: Connecting Investors Read More…
Nigeria’s Electric Odyssey: Challenges, Progress, and the Road Ahead
Electrical power is essential in today’s homes, businesses, and manufacturing facilities. In Nigeria, as in the rest of the world, we rely heavily on it. However, the development of Nigeria’s electricity market has been fraught with challenges and opportunities that have far-reaching effects. Let your mind wander to a time when the lights came on, Read More…
World Bank to Illuminate Nigeria’s Path to Renewable Energy: A Ray of Hope for 200 Million
In a promising endeavour to alleviate Nigeria’s chronic energy crisis, the World Bank has set its sights on funding the construction of 1,000 mini solar power grids in Africa’s largest economy. The ambitious initiative, carried out in collaboration with the Nigerian government and the private sector, seeks to bring light to millions of households and Read More…
Portugal to speed up switch from dependence on Nigerian gas in wake of Ukraine war
Unlike central European countries, Portugal does not depend on Russian natural gas pipelines, as it mainly imports liquefied natural gas from Nigeria and the United States, and has not imported Russian crude since 2020. But all this is about to be whittled down or stopped, as the Iberian country now aims to accelerate its energy Read More…