{"id":123048,"date":"2025-10-21T15:34:26","date_gmt":"2025-10-21T14:34:26","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=123048"},"modified":"2025-10-21T15:34:26","modified_gmt":"2025-10-21T14:34:26","slug":"eu-backs-nigerias-renewable-energy-drive-with-e200m-investment","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/eu-backs-nigerias-renewable-energy-drive-with-e200m-investment\/","title":{"rendered":"EU Backs Nigeria\u2019s Renewable Energy Drive with \u20ac200m Investment"},"content":{"rendered":"<div style=\"text-align: justify;\">By Lizzy Chirkpi<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The European Union (EU) has reaffirmed its commitment to Nigeria\u2019s renewable energy goals, emphasizing that creative partnerships between the public and private sectors, alongside research and innovation ecosystems, are vital to achieving sustainable energy transformation.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Speaking at the Nigeria Renewable Energy Innovation Forum in Abuja, the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot represented by Deputy Ambassador Zissimos Vergos said the EU\u2019s support for Nigeria\u2019s power sector has exceeded \u20ac200 million in grants since 2008.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cOur most recent energy sector programme, launched in 2021 with a \u20ac100 million (\u20a6175 billion) budget, aims to add 400 megawatts of new renewable capacity by 2027, directly benefiting more than five million Nigerians,\u201d Mignot stated.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He noted that innovation-driven collaboration between the government, private sector, and research institutions is key to scaling sustainable energy solutions.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe public sector brings policy frameworks; the private sector brings agility and technical expertise; research institutions bring insight and innovation,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Mignot added that off-grid renewable solutions are already transforming rural Nigeria through mini-grids and solar home systems powered by creative public\u2013private partnerships.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Reiterating the EU\u2019s commitment to Nigeria\u2019s energy security and economic resilience, he cited ongoing support through initiatives such as GET.invest Nigeria and the EU\u2019s Global Gateway, which focus on research funding, capacity building, and private sector investment.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He praised Nigeria\u2019s efforts to build a green and circular economy, stressing that \u201cthe pace of the journey toward sustainable, accessible energy will depend on how successfully the public sector, private sector, and innovation ecosystem work together.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Nigeria is currently positioning itself as Africa\u2019s renewable energy hub, with projected investments of over $410 billion by 2060 under its Energy Transition Plan. The government has also signed over $400 million in renewable energy manufacturing and infrastructure deals, targeting local solar production capacity of nearly 4 GW and the creation of thousands of jobs.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Lizzy Chirkpi The European Union (EU) has reaffirmed its commitment to Nigeria\u2019s renewable energy goals, emphasizing that creative partnerships between the public and private sectors, alongside research and innovation&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":39748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-123048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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