Economy

Experts say Nigeria Electrification Project critical to economic development

Published

on


Some power experts on Thursday said the Nigeria Electrification Project (NEP) was critical to the well-being of Nigerians and the economic development of the country.


The experts, who spoke at the Solar Future Nigeria Exhibition in Lagos, include Mr Segun Adaju, President, Renewable Energy Association of Nigeria (REAN) and Mrs Vera Nwanze, General Manager, Azuri Technologies.

Others are Mr Chukwuka Isichei, Business Development Manager, METKA Power West Africa and Mr Alistair Gordon, Chief Executive Officer, Lumos.

The Nigeria News Agency reports that the NEP, which is funded by the World Bank, is a nationwide initiative aimed at delivering energy access to unserved and underserved communities in Nigeria.

The project supports the Federal Government of Nigeria’s goal to increase electricity access across the country as defined in the national development agenda.

It is expected to provide electricity to households, small-to-medium-sized enterprises, and public institutions in a least-cost and timely manner through off- and mini-grid solutions.

Gordon said the NEP, managed by the Rural Electrification Agency (REA), had made tremendous impact in deepening solar penetration in the country.

He said Lumos, in partnership with MTN, has been able to reach over 100,000 Nigerians, providing them with affordable and clean energy to power their homes and businesses.

According to him, with the grant being offered by the World Bank, Lumos is determined to expand its operations in the country within the next few years.

Nwanze, on her part, said Azuri Technologies had been able to bring electricity to many Nigerians in rural communities with their solar-powered appliances such as television, radio and fan.

Nwanze said that had enabled them to reduce their spending on generators, increase their access to information and a healthier lifestyle due to low carbon emission.

She said more Nigerians need to embrace solar power and appealed to the government to consider waivers for solar equipment imported into the country to make them affordable.

In his contribution, Isichei said METKA had been providing off-grid mini systems to universities in Nigeria, including Uthman Dan Fodio University, Nnamdi Azikiwe University and Kano University of Science and Technology.

“This has made tremendous impact on the lives of the students and it is a model going forward because we are seeing more mini-grids coming up,” he said.

Ajadu, who chaired the panel of discussants session, said REAN’s goal was to ensure acceptability of renewable energy in Nigeria and help to influence policies geared toward that objective.

Edited & Vetted By: Olawunmi Ashafa/Oluwole Sogunle
(NAN)

 

https://nnn.ng/experts-say-nigeria-electrification-project-critical-to-economic-development/

Bali enlists 4,400 online influencers to promote ‘new era’ of tourism S/Korea confirms missing official killed by N/Korea – Report Coming to a cinema near you: the life of UK’s Captain Tom New York’s Metropolitan Opera to remain closed for another year Venezuelan President, Maduro says United States threat to world peace Lokoja tanker explosion: FRSC boss commiserates with victims NCDC reports 111 new COVID-19 cases, total now 57,724 Tinubu commiserates Fayose over sister’s death Don urges labour leaders to shun selfish interest to earn public trust NGO to celebrate 60 outstanding Nigerians at diamond jubilee No gratification to process, effect outstanding payment – PTAD Bwari-Dutse traffic: FCTA to mobilise contractors back to site Ogun community demands king after 15 years of vacant stool  PDP calls for articulate strategies to mitigate flood  Anglican Primate wants programmes to cushion hike in petrol, electricity tariff YouTube reveals top tips of getting most of its music Edo Election: Govs. Buni, Bello meet Ize-Iyamu in Abuja LASG urges small, medium businesses to go digital Plateau teachers decry non-implementation of new minimum wage NASSI seeks more tax, levy waivers for MSMEs Oyo govt. leases Agbowo Shopping Complex, seals 50 years concession with investor United States expresses satisfaction over peaceful conduct of Edo election  CAS inaugurates 11 areospace ground equipment in Benue Engage professionals to make Nigeria work again — Chief Tola Adeniyi Lokoja Explosion: Buhari expresses concern, mourns victims Edo Guber polls: Solace from Gov. Wike paid off – Obaseki Fistula Foundation targets 50 VVF patients in free surgery in Sokoto Buhari greets ex-Abia Dep. Gov., Chris Akomas at 60 Niger Delta communities demand 13% oil, gas derivation funds LASG lists new standard operating procedures for abattoir operations — Commissioner Sweden friendly moved to Russia over virus entry restrictions Ondo poll: Don’t allow crisis to escalate among parties, INEC charges staff Baby factory, child abuse, other similar vices endemic in Enugu State — NAPTIP Court dismisses suit against Zamfara govt over dissolution of LG Chairmen NOTAP calls for more funding for research to accelerate Nigeria’s development Frank de Boer favourite to be named new Netherlands coach Ondo 2020: There is gang up against us — APC spokesman Gov. Lalong condemns murder of traditional leader in Barkin-ladi LGA APC Professionals Forum to partner NAN to achieve FG’s 9-point agenda Gov. Zulum launches 1m trees planting campaign in Borno NPA expects 19 ships with petroleum products, others at Lagos port AFAP pledges to make Lagos food processing hub Bayern Munich, Schalke, Eintracht Frankfurt warned for coronavirus concept breaches Buhari to attend Guinea Bissau National Day Celebration, inaugurate road named after him NAFDAC seals 2 fake drug factories in Kano Group promises to end touting in Abia Magu Probe: group cautions against Malami’s appearance as witness De Bruyne, Lewandowski, Neuer on UEFA player of the year shortlist Mali: Court fixes Friday to hear suit challenging ECOWAS sanctions HP, AUC sign MoU to foster entrepreneurial skills in Africa