The Federal Government says Nigeria has enough water resources to generate 14,000 megawatts of electricity.
This was as the Minister of Power, Adebayo Adelabu, and his Water Resources and Sanitation counterpart, Joseph Utsev, signed a memorandum of understanding towards sustainable development.
The Memorandum of Understanding was for implementing the World Bank Sustainable Power and Irrigation Project for Nigeria programme.
According to a statement by the media aide to the Minister of Power, Bolaji Tunji, the signing ceremony on Tuesday in Abuja marked a collaborative effort to harness Nigeria’s abundant hydropower potential.
The ministers were said to have signed the MoU before senior government officials, development partners from the World Bank and other key stakeholders.
Speaking, Adelabu highlighted the significance of the SPIN programme in diversifying Nigeria’s energy mix, enhancing energy security, and combating climate change.
He noted that hydropower currently contributes about 20 per cent of Nigeria’s 5,000MW grid supply, with a potential estimated at 14,000MW. However, he said only 15 per cent of the 14,000 MW potential had been tapped.
