Skip to main content

Osinbajo said Nigeria needs $1trn investment to modernise energy in our infrastructure

By
VICE President, Prof. Yemi Osinbajo, has said Nigeria requires about $1 trillion investment to modernise its energy infrastructure.
Osinbajo, who stated this while declaring open the National Energy and Climate Change summit at the Old Banquet Hall, Presidential Villa, in Abuja, yesterday, said government was doing a lot to attract domestic and foreign-direct investments into the energy sector.


He added that the nation’s energy and energy-related policies were not only geared towards energy supply security but to also mitigate global warming. While commending the Energy Commission of Nigeria, ECN, and the Federal Ministry of Science and Technology, FMST, for organising the summit, Prof. Osinbajo, who was represented by Minister of Science and Technology, Dr. Ogbonnaya Onu, said government had increased transparency and openness in governance to support private investment. He said: “This important event will provide a high-level forum to discuss energy and climate change as they relate to economic development and environmental protection. I am happy that this summit is taking place at a time the Federal Ministry of Science and Technology, FMST, is working hard to help move our economy away from being resource-based to an economy that is knowledge-based and innovation-driven. I am hopeful that at the end of your deliberations, you will be able to provide solutions towards improving sustainable energy supply and access in the country.


the EU from this envelope, is co-financing phase 2 of NESP with 20 million euros as well as a support to TCN with 25 miliion euros grant to construct the Kura-Jogana-Gwiwa-Daura-Katsina double circuit 330KVA transmission line and substations which will also help evacuate the 1000MW Jigawa solar city project. He also stated that the focus of the EU was to increase support to Nigeria’s Climate Change initiatives by working hand in hand with the Federal Ministry of Environment on a new change action to start next year and continue to sensitise and raise awareness at the highest levels about the need take concrete measures to fight climate change. He commended the Federal Government for having the political will to promote the use of renewable energy technology in the overall energy mix of the country and promised the continued support of the EU and ECOWAS to the country in ensuring that those without energy access got connected in the shortest possible time.

✏️ PLEASE we need your Full support by given us your LIKE👍, COMMENT & SHARE with your Friends and Family. ✏️❤️Thanks😊
Labels:

Comments

Post a Comment

Popular posts from this blog

129 suspects arrested for organising online gambling

By
The Police in southwest China’s Chongqing Municipality have arrested 129 suspects for organising online gambling, local police said on Thursday.
119 comments
Read more

10 Essential Fruit Cutting Techniques Everyone Should Know plus VIDEO

By
Mastering basic fruit cutting techniques not only enhances the presentation of your dishes but also makes the process more enjoyable and efficient. Here are ten essential techniques to get you started: Slicing Common Fruits: Apples, oranges, kiwis Description: Slicing involves cutting fruit into thin, even pieces. Use a sharp knife and make sure to cut against the core or pit. For apples and pears, first cut the fruit in half, remove the core, and then slice. For citrus fruits, cut off the ends, stand the fruit upright, and slice downward. An image showing an apple being sliced into even, thin pieces. Dicing Common Fruits: Melons, mangoes, pineapples Description: Dicing involves cutting fruit into small, even cubes. This technique is ideal for fruit salads and salsas. Start by slicing the fruit, then cut each slice into strips, and finally, cut the strips into cubes. For mangoes, slice the cheeks off the pit, score the flesh without cutting through the skin, and push the skin inwa...
Post a Comment
Read more

Femi Falana gets information on N4.6b fuel drained daily from FG

By
The federal government has forwarded to Lagos lawyer, Femi Falana (SAN) information on fuel importation and sundry matters. The requested information was forwarded to the lawyer by the Department of Petroleum Resources (DPR) which was acting on the directive of the Minister of state, Petroleum Resources, Dr Ibe Kachukwu as requested in his letter to the minister dated April 17, 2018. A letter dated July 9  and signed by Kingston Chikwendo on behalf of the DPR  to Falana and titled “Re: Request for Information on Fuel Importation and Sundry Matter” stated in part: “We humbly referred to your letter dated 17th April, 2018 to the Honourable Minister of State, Petroleum (HMSP) requesting for information on fuel importation and sundry matters. “The HMSP has directed the DPR to provide you with the requested information. “Consequently, we hereby forward to you the requested information as detailed in your letter”, it stated. In his letter dated April 17, Falana had spec...
Post a Comment
Read more