The Nigerian government has signed a crucial agreement to establish a 1GW solar PV manufacturing plant within the country’s borders. This historic MoU, reached during the ongoing COP28 summit, signifies a major step towards a sustainable and self-reliant future for Nigeria.
The agreement represents a collaborative effort between Infrastructure Corporation led by Dr Lazarus Angbazo, Solarge BV of the Netherlands, and the African Green Infrastructure Investment Bank. This partnership promises to unlock the potential of various economic sectors, including agriculture, healthcare, and education, by providing reliable and clean energy.
Recognizing the critical role of adequate energy supply, Minister of Power, Mr. Adebayo Adelabu, noted the government’s commitment to fulfilling its promises and addressing the current challenges plaguing the power sector. He stressed the crucial need for renewable energy sources to overcome limitations in transmission, distribution, and generation capacity, ultimately improving the lives of Nigerians and fostering economic growth.
“We bear witness to the enormous stress on our national grid that continues to trigger power outages that adversely affect the daily lives of our citizens: homes, schools, hospitals, and businesses of diverse scales,” he said.
