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April 22, 2024
You are currently viewing Nigeria’ll need $4bn for green energy transition by 2050- D-G

Nigeria’ll need $4bn for green energy transition by 2050- D-G

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By Jessica Dogo

Dr Mustapha Abdullahi, the Director-General of the Energy Commission of Nigeria (ECN), has emphasised that Nigeria is slated to require $4 billion for a full transition to green energy by the 2050.

Abdullahi stated this at a press conference on Clean, Renewable Energy and Energy Efficiency use in Nigeria in Abuja on Friday.

He said the commission had been in consultation with some firms to invest in Nigeria’s renewable energy sector.

”No country relies totally on its own resources to build renewable energy plants, they make the environment conducive for investors to move in.

”As a commission, we are making policies that will attract investments in renewable energy generation,” he said.

Abdullahi said that the commission had been allocated 500 hectares of land by the Federal Capital Development Authority.

”We call it the Abuja Technology Village, We intend to make it a Tech city where investors will come and build several solar plants and renewable energy  plants,” he said.

The director-general said that promoting energy efficiency practices and adopting sustainable energy sources were critical to the campaign against climate change.

He said that the commission would intensify public awareness campaigns about the benefits of clean and renewable energy sources.

”Our job is to promote energy efficiency measures to reduce energy consumption, lower costs and minimise environmental impacts.

”We also encourage investments in renewable energy projects and technologies to diversify the energy mix and drive sustainable development,” Abdullahi said.

He said it was also part of the commission’s duty to engage with community and local government authorities to adopt practical solutions for clean energy and energy conservation.(NAN) (www.nannews.ng)

Edited by Azubuike Okeh/Bashir Rabe Mani

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