FG restates commitment to renewable energy

The Minister of Power, Saleh Mamman, has re-affirmed his ministry’s commitment to driving renewable energy in Nigeria. According to the minister, renewable energy is one of the ministry’s focal points to drive power supply in the country even as it plans to integrate renewable energy through the Paris Agreement and the Vision 30:30:30 to deliver 30GW of electricity with 30 per cent renewable energy mix by 2030.

  

The minister, represented by the Director, Renewable Energy and Rural Power Access, Faruk Yabo, at a virtual launch of Sustainable Use of Natural Resources and Energy Finance (SUNREF), explained that the lack of financing was the key challenge facing the renewable energy and energy efficiency in Nigeria.

  

“It is quite gladdening that the private sector and our partners are working tirelessly to ensure that Nigeria gets emission reduction as well as other commitments that are being achieved.

“We will like to commend the support rendered by the Finance Development Bank as well as the European Union and other partners to ensure that this particular programme comes to fruition,” he said.

  

He added the €70 million grant funded by the AFD and the European Union Infrastructure Trust Fund (EU-ITF), which would be accessed to support energy efficiency and renewable energy, would go a long a way in supporting the government’s electricity vision 30:30:30

  

The Country Director, French Development Agency (FDA), Pascal Grangerau, said the agency was committed to fighting climate change and global warming.

  

He said the event marked another milestone with collaborative efforts with Nigeria, to join the rest of the world towards contributing to the implementation of the Paris Agreement signed in 2016.