Nigeria to become renewable energy hub

• 7 years ago (2016-12-27)
• David Flin

Renewables 751

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Senator Abdul-Aziz Murtala Nyako, representing the Adamawa Central Senatorial District, has said that despite the current problems in the Nigerian power sector, stakeholders plan to make Nigeria a power generation hub in West Africa, with vast opportunities available in renewable energy.

LTI Re Energy of Germany has recently signed an agreement with NIGUS International of Nigeria to construct 500 MW of solar energy in the North East zone, beginning with Adamawa State. The Nigerian Investment Promotion Commission (NIPC) has endorsed the deal in which the conglomerate has made known its intention to commit $600 million to the development of solar energy in the zone.

Nyako said that Nigeria had the potential to become the nucleus of the power supply in West Africa. He said: “As we stabilise electricity, commerce will come naturally, and I think it will have an impact not only in the North East region, but virtually in the whole country. Primarily, what we are discussing goes beyond Adamawa State. We are talking of the future of Nigeria, we are talking of renewable energy, and this is the trend worldwide.”