Mr. Abubakar Aliyu, Nigeria’s Minister of Power, has stated that the country is eager to accept new investors in order to reposition the sector.
Aliyu remarked that the government was trying to reposition Nigeria’s electricity infrastructure as he received a team from the European Union (EU) to Nigeria and ECOWAS led by the Union’s Ambassador to Nigeria and ECOWAS, Samuela Isopi, in Abuja.
The minister said the EU had been supportive of the country’s efforts to expand the power sector while describing the Nigeria energy supply industry value chain to the visitors.
He went on to say that greater EU engagement in the renewable energy sector would be appreciated, and he briefed the team of Nigeria’s policy to expand the Nigeria electrical supply industry’s (NESI) operational capacity.
He reaffirmed the country’s resolve to enhance power generation by 30,000 megawatts by the year 30.30, including 30% renewable energy.
Earlier, Isopi reaffirmed Nigeria’s importance to the EU, adding that the EU remains the largest grant contributor to the power industry and has built a dynamic cooperation to re-launch and enhance energy supply in the previous two years.
She stated that the goal of the Nigerian EU cooperation framework for a green and digital economy is to ensure that there is renewable energy and diversification, a development for which he offered the EU’s support.