Made-in-Nigeria renewable energy main focus of stakeholders

Features & Reports

Mr Jaiyeola noted that renewables are one of the strongest options for delivering power in Nigeria, and informed stakeholders that the roundtable will encourage and adopt “Made-In-Nigeria” innovative solutions for renewable energy. 

Stakeholders in the Nigerian electricity sector, have called for a robust policy framework and smart financing measures for renewable energy in the country.

This was the outcome of the Nigerian Economic Summit Group (NESG) CEOs Business Roundtable on “Renewable Energy”, in partnership with the Heinrich Boll Foundation.

Considering the huge energy demands in the country, with a teeming population of over 180ml people, the quest for energy mix has become imperative, leading to the 30:30:30 agenda.

The agenda seeks to galvanize efforts in achieving a 30% contribution from renewables to the power equation of 30gw by 2030. This is to tackle the issue of about 100 million Nigerians, that are currently not connected to the electricity grid.

Giving the opening remarks the CEO of the NESG Mr. Laoye Jaiyeola said the  roundtable was focused on establishing the renewable business platform in Nigeria.

Mr Jaiyeola noted that renewables are one of the strongest options for delivering power in Nigeria, and informed stakeholders that the roundtable will encourage and adopt “Made-In-Nigeria” innovative solutions for renewable energy.

Jaiyeola speaking further stressed that the roundtable will intensify the advocacy in the narrative for renewable energy in Nigeria, while it will also discuss investment options in renewable technologies.

Keynote speaker and Research Coordinator, Energy and Climate Policy, Oeko Institute Dr Felix Matthes in his presentation, asserted that at the global trend in energy mix and transition, going renewable is the more robust way, but was much more capital intensive.

— Proshare