“Nigeria to Generate $7.5billion from Grid Solar Energy” – Minister
The Minister of Environment, Amina Mohammed, has projected that the nation can generate $7, 5 billion from of grid solar energy.
Mohammed who spoke at the just held Conference of Parties on Climate Change, otherwise known as COP 21, in Paris, France, said: “In particular, we plan to develop around 13,000 gigawatt of off-grid solar power, delivering energy access to the poorest communities in a cheaper and healthier manner with less emission.
“We also plan to create a more efficient, lower carbon oil and gas sector. By ending gas flaring and using the gas for commercial purposes, including power generation, we could generate as much as $7.5bn worth of benefits.”
The Minister said given the climate risks that Nigeria faces, this is the only way in which the government’s ambitious Agriculture Transformation Agenda can be delivered
“Nigeria’s ambitious INDCs aim at reducing emissions by 20 per cent by the year 2030 with support from the international community. This will support the restructuring of the economy in a way that will facilitate inclusive growth with vast opportunities to diversify the energy mix, with emphasis on renewable energy and efficient gas power,” she added.