Nigeria’s Energy Policy prioritizes rapid integration of Solar Power – Buhari
President Muhammadu Buhari says the rapid integration of solar power into the country’s energy mix will lead to an increase in electricity access to underserved and unserved communities.
The president stated this when he received a delegation of SUN Africa LLC, USA, at the Presidential Villa, Abuja.
According to him, the Federal Government has embarked on several reforms aimed at revitalizing Nigeria’s energy sector aimed at improving energy access to communities across the country.
He commended the interest of the U.S. developer to invest in Nigeria’s power sector, pledging that the Federal Government would remain committed to collaborating with the private sector in improving energy access, creating jobs and industrial development.
The president highlighted some of the reforms embarked upon by this administration to address Nigeria’s energy needs.
He listed the recent signing of the Nigeria Climate Change Bill in November 2021, the implementation of the Power Sector Recovery Programme with the World Bank and the Nigeria Electrification Program aimed at enhancing energy access to remote communities.
He also added that the Presidential Power Initiative with Siemens was aimed at achieving end to end alignment across the electricity Value Chain.
‘‘Initiatives like these will go a long way in developing local capacity through technology transfer and relieving transmission constraints through the generation and distribution of electricity in the local Distribution Companies Franchise Area, making off-take easier.
‘‘The Ministers of Finance and Power as well as other Agencies of Government will remain available at all times, to ensure the achievement of this significant project as part of our efforts towards achieving Net Zero Emission by 2050.
‘‘I am pleased to note the technology transfer content embedded in this initiative as well as the employment generation potentials.
‘‘I thank you all for coming and look forward to receiving regular updates as you achieve significant milestones in developing your projects in Nigeria,’’ he said.
In his remarks, Mr Goran Rajsic, Founder, Sun Africa LLC, USA, said the renewable and infrastructure company hoped to deliver solar power in multiple locations across the country, just as it had done in Angola, with financing done through the US EXIM Bank.
According to him, his organization, working with other leading energy companies, has the capacity to do what Nigeria requires in the area of power.
“We will create something that will be of immediate need for Nigeria, and last for years to come,” he said.
He described what Sun Africa LLC, USA has in mind as “a partnership for energy and infrastructure, which would revolutionize both the industrial and agricultural sectors.”