Nigeria plans to have 30 gigawatts of electricity by 2030 from multiple sources, of which, at least, 30 per cent contribution would come from renewable energy according to Minister of Power, Abubakar Aliyu.
Speaking at the 9th Nigeria Energy Exhibition and Conference in Lagos on Tuesday, September 20, Aliyu, who was represented by the Permanent Secretary in the ministry, Temitope Fashedemi, added that the country also planned to attain a net zero commission by 2060 through the recently-launched transition plan.
According to him, energy remains essential for human existence, and socio-economic development, as access to energy, especially electricity, enhances the standard of living of the citizenry, hence it is factored in the measurement of the human development index.
The minister said the event ;
“allows us to share knowledge with international energy experts, with a view to developing solutions and even forging partnerships that seek to tackle the various issues and challenges that are preventing us from achieving our desired goals in the energy sector.”
“We are all aware that Nigeria’s economic development aspiration demands a higher energy capacity than what we have available presently. Our current unmet energy needs are huge and they are bound to increase due to urbanisation and population expansion. This makes it clear that access to energy is critical in advancing our country’s development agenda.”
“I strongly believe that the answer to achieving this is through collaboration as vividly captured in our energy policies. The much-needed finance required in the provision of energy access resides with the private sector and the task of living in finance through the right policies, incentives and establishment of an investment-friendly environment is what the present administration led by President Muhammadu Buhari is committed to achieving,” he added.