In its determination to close Nigeria\u2019s electricity gap, the Federal Government has unveiled an ambitious energy access programme aimed at transforming the nation\u2019s energy sector.<\/p>\n
The government stated that the programme would require $23.2bn, of which $15.5bn would be provided by the private sector.<\/p>\n
A statement by the spokesman for the Minister of Power, Bolaji Tunji, revealed that the programme, spearheaded by Minister Adebayo Adelabu, is designed to drive sector-wide transformation.<\/p>\n
Tunji noted that the initiative is a direct outcome of the recently concluded Mission 300 Africa Energy Summit held in Dar es Salaam, Tanzania.<\/p>\n
The two-day summit, which brought together African leaders, business executives, and development partners, was hosted by the Government of Tanzania, the African Union, the African Development Bank Group, and the World Bank Group. It aims to accelerate electricity access for 300 million Africans by 2030.<\/p>\n
\u201cThrough the energy access programme, tagged the National Energy Compact, the government aims to increase electricity access from 4 per cent to 9 per cent annually, boost access to clean cooking solutions from 22 per cent to 25 per cent annually, expand renewable energy\u2019s share in the power generation mix from 22 per cent to 50 per cent, and mobilise $15.5bn in private investment to drive last-mile electrification,\u201d Tunji explained.<\/p>\n
He added that these efforts align with UN Sustainable Development Goal 7, which seeks to ensure universal access to modern energy services.
\nUnveiling the programme, Adelabu said it would expand electricity access, increase renewable energy adoption, and improve clean cooking solutions for millions of Nigerians.<\/p>\n
\u201cWith 150 million Nigerians already electrified, Nigeria remains committed to ensuring universal access to affordable and sustainable energy by 2030,\u201d the minister said.<\/p>\n
Adelabu acknowledged that while the roadmap for expansion is clear, challenges such as vandalism of power infrastructure pose a significant threat to Nigeria\u2019s electrification efforts.<\/p>\n
He expressed concern that transmission towers, pipelines, and distribution equipment are being targeted, disrupting supply and discouraging potential investors.<\/p>\n
In its determination to close Nigeria\u2019s electricity gap, the Federal Government has unveiled an ambitious energy access programme aimed at transforming the nation\u2019s energy sector. The government stated that the…<\/p>\n","protected":false},"author":1,"featured_media":112331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-116189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n