Speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, President Bola Tinubu said that with a resilient democracy, Nigeria is well primed to attract foreign direct investments.
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The assembly made the call in its resolution after adopting a Motion on Notice, entitled: ‘Need to Explore Renewable Energy as Alternative Source of Power Generation’.
Nigeria currently has a huge gas reserve of about 600 trillion scf of gas deposits.
Ibe, the Chief Executive Officer of Nexgen Energy, stated this in an interview with the News Agency of Nigeria on the prospect of renewable energy industry in 2021.
Minister of Science and Technology, Dr. Ogbonnaya Onu, disclosed the plan when he declared open the forum on ‘Scaling-up interconnected mini-grids development in Nigeria’, organised by the United Nations Development Programme (UNDP-GEF) and the Energy Commission of Nigeria, in Abuja.
Salawu stated this while speaking with newsmen on the potentials embedded in the 12.5 Hectare of land where the dumpsite is located in Ibadan.
Vice President, Yemi Osinbajo, has told Scandinavian investors that Nigerian government is committed to expanding opportunities for investments in renewable energy, technology and other sectors of the Nigerian economy.
The Minister of Power, Works and Housing, Babatunde Fashola, says Nigeria is a continental and global leader in renewable energy.
Nigeria is set to partner with Austria on renewable energy as part of efforts to deepen bilateral trade between the two nations.
Baru said at the ongoing 39th Kaduna International Trade Fair that the NNPC had set up Renewable Energy Division not only to develop solar and other renewable energy sources, but also develop bio-fuels from agricultural produce.
He described renewable energy as “solar power”, adding that the project would incorporate training of personnel on capacity building
The agreement was signed in Abuja on Thursday by the Supervising Minister of National Planning, Ambassador Bashir Yuguda, on behalf of the Federal Government, and Michel Arrion, the EU Ambassador to Nigeria, who signed on behalf of the EU