As part of strategies to achieve its Energy Transition Plan (ETP), the Federal Government, at the weekend, announced a 30 per cent target from renewable energy mix from 30GW by 2030.
Minister of Power, Adebayo Adelabu, stated this at Powering Nigeria’s Energy Future held in Lagos.
He explained that in a bid to promote renewable energy penetration and off-grid solution, the Federal Government is about to commence the World Bank Distributed Access through Renewable Energy Scale-up (DARES) $750 million facility to increase access to electricity for 2.5 million people through deployment of solar home systems and mini grids to households, MSMEs throughout Nigeria, educational and health facilities.
This, he said, is in addition to the recently concluded $550m Nigeria Electrification Plan which has bridged the energy access deficit by providing electricity to over 1.1 million households, MSMEs, educational and healthcare facilities in unserved and underserved rural communities.
“We believe that the global shift towards renewable energy is not just an environmental necessity but an economic one. Nigeria is blessed with abundant renewable resources, and we aim to continue tapping into these renewable sources to diversify our energy mix, reduce our carbon footprint, and ensure energy security.”
