BusinessEconomy

Nigeria partners international solar company to advance clean energy

    0

    Nigeria has taken a major step toward advancing clean energy by signing a comprehensive Country Partnership Framework (CPF) with the International Solar Alliance (ISA).

    The agreement was formalized during the ISA’s Seventh Regional Committee Meeting for Africa, held in Accra, Ghana, from September 2 to 4.

    Nigeria was represented by the minister of power, Adebayo Adelabu, while ISA’s director general, Ashish Khanna, signed on behalf of the organization.

    The meeting, which brought together African governments, development partners, and financial institutions, outlined a collective strategy for expanding solar energy adoption across the continent.

    Under the partnership, a three year action plan has been established to accelerate Nigeria’s solar energy transition, with a focus on advocacy, capacity building, and programme implementation.

    Key initiatives include expanding the use of solar applications in agriculture, promoting rooftop solar systems, deploying mini grids, and setting up a Solar Technology and Application Resource (STAR) Centre.

    A cornerstone of the framework is the creation of a \$500 million DRE Nigeria fund, designed to catalyse investment in distributed renewable energy projects and backed by enhanced regulatory support from the Ministry of Power.

    Adelabu said, “This partnership is about more than light, it’s about powering development.

    “Decentralised renewable energy solutions are not merely about providing light to households, they are about unlocking development, powering schools and clinics, energising small and medium enterprises, supporting agricultural processing, driving e mobility, and opening opportunities for digital inclusion in rural communities.

    “Every mini grid and solar system deployed means a child can study, a clinic can function, an entrepreneur can thrive, and a farmer can irrigate his fields.

    “This is the transformational promise of renewable energy for Africa.”

    The signing, which also saw Ghana and The Gambia enter into similar agreements, signals a powerful wave of regional cooperation.

    By placing solar energy at the heart of its national strategy, Nigeria is decisively advancing towards a more sustainable, inclusive, and climate resilient economy.

    Benue governor lay foundation for 32 housing units to curb high rent

    Previous article

    EFCC declares Abia indigene, Emeka Ufomba wanted for diversion of public funds

    Next article

    You may also like

    Comments

    Comments are closed.