Nigeria's Federal Government targets 9,000MW from renewable energy by year 2030

As part of the overall plan to address power challenges in Nigeria, the Federal Government stated yesterday that it anticipates the renewable energy sector to contribute roughly 9,000 Megawatts of power supply to the nation by the year 2030.
The government is committed to ensuring that businesses and other institutions have access to a cheap and dependable power supply, according to Chief Adebayo Adelabu, Minister of Power, who made this announcement in Abuja at the opening of a summit on the accelerated scale up of renewable and distributed energy resources in Nigeria organized by the Nigerian Electricity Regulatory Commission, or NERC.  

"It is depressing that Nigerians have had to deal with the difficulties of an unstable grid supply for decades, with regular power outages and load shedding adversely harming businesses, industries, and households.

The inability of the grid to maintain reliability has reduced economic output and discouraged foreign investment, which has made unemployment and economic stagnation worse. We're going to stop that! 

The Interconnected Mini-Grid Acceleration Scheme (IMAS), with technical support from the EU and the German government, is one of the programs that Chief Adelabu pointed out that "we are committed to sustaining efforts to de-risk renewable energy generation despite the challenges we face." This initiative is expected to accelerate the deployment of 23 mini-grids across 11 states of the federation to serve over 138,000 Nigerians.

"Nigeria's pledges to advance renewable energy development."  The drive to increase the amount of renewable energy supply would guarantee that rural communities be swiftly connected to contemporary sources of electricity, according to NERC Chairman Engr. Sanusi Garba, who made this statement earlier.  

Speaking at the same event, Godfrey Ogbemudia, the European Union Delegation in Nigeria, announced that after funding several power-related initiatives for roughly 200 million euros between 2008 and 2020, the EU would be spending an additional 100 million euros between 2021 and 2027 to provide an extra 400 megawatt of renewable energy to power the equivalent of five million Nigerians.  

Since 2008, the European Union and Nigeria have collaborated to encourage the integration of renewable energy into Nigeria's energy system. Approximately EUR 200 million in grants will be awarded until 2020 for a range of projects that address policy, regulations, market participant capacity building, and financing access in the public and private sectors. 

We have redoubled our efforts as of 2021 to get an additional EUR 100 million in finance, mostly through creative financing, technical support, and energy infrastructure projects.    

"This will result in the installation of about 400MW of new renewable energy capacity by 2027, benefiting over five million Nigerians and averting about 500,000 tonnes of CO2 emissions," he continued.