More
    HomeLatest NewsNigeria Targets 30,000MW of Electricity by the Year 2030.

    Nigeria Targets 30,000MW of Electricity by the Year 2030.

    Published on

    - Advertisement -

    Minister of Power, Abubakar Aliyu, has expressed Nigeria’s commitment to achieving
    30,000 Megawatts (MW) of about 30 gigawatts of electricity by the year 2030.
    Aliyu revealed this government aspiration in Lagos during the opening of the on-going
    Nigeria Energy Exhibition and Conference and  was represented by the Permanent
    Secretary in the Ministry Mr.Temitope Fashedemi. He added that more of this power will
    come from multi-energy sources but the top will be about 30 percent renewable energy
    sources.   
     
      
    The Power Minister the country said that the country was poised to attain a net zero
    Commission by 2060 through the recently launched Energy transition plan.             
       
    Aliyu noted that energy is conventionally one of the most important infrastructure driven
    requirements for human existence and modern living besides being one of the most
    important components of economic development across the globe.
     
    According to the Minister, energy remains essential for human existence and socio-
    economic development, stressing that 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.
      
    He noted that the Exhibition and conference on energy will provides an avenue for
    participants to engage with private and public sector players.
    The Minister said the event will “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.”
     

    According to him, the capital energy utilisation of electricity in any country is indicative of
    the nation’s level of development and growth.
     
    “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.” The Minister said
     
    To this effect, he pointed out that, an enabling policy targeted at infrastructure
    development, innovative financing options, and investment in modern energy
    technologies are a critical requirement for achieving energy supply and efficiency in the
    country.
    Aliyu added “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
    the environment is what the present administration led by President Muhammadu Buhari is
    committed to achieving,”
      
    Exhibition Manager, Energy Portfolio, Middle East and Africa, Informa Markets, Ade
    Yesufu lauded some of the government initiatives aimed at seeking ways for
    improving the quality of electricity supply in the country.
     
    Yesuf listed some of the government initiatives including the recent launch of Nigeria’s
    Energy Transition Plan by Vice President Prof.Yemi Osinbajo, SAN, the first of its
    kind in Nigeria and Africa, articulating the need for an investment of $10 billion yearly up
    to 2060 to achieve net-zero emissions and the significance of international partnerships
    in making the project a reality with a $3bn target before the end of this year.
    He added that Nigeria and German partnership through Energy giant Siemens and FG
    Power- under the Presidential Power Initiative, Electricity Bill would improve the
    utilisation of generated power through increased investments in new technologies, to
    enhanced transmission and distribution facilities to wheel-generated power to minimise
    increasing technical losses in the value chain.
     
    According to him the yearly Exhibition and Conference will continue to support the
    government and the industry by addressing the challenges of the sector and also
    providing reliable long-term solutions for the power sector in Nigeria.

    Latest articles

    CWAI Names NITDA As Dev’t, Regulatory Agency that Encapsulates Other Sectors

    The National Information Technology Development Agency (NITDA) established by the NITDA Act of 2007...

    Court of Appeal Orders Status Quo for Rivers Lawmakers Until June 20 Hearing

    By Milcah Tanimu The Court of Appeal in Port Harcourt, during a...

    Putin Demands Ukrainian Troop Withdrawal for Peace Settlement

    By Milcah Tanimu Russian President Vladimir Putin announced on Friday that the...

    Multichoice Cites Nigeria’s Economy for Decline in DStv Subscribers

    By Milcah Tanimu African Pay-TV operator Multichoice Group has attributed a significant...

    More like this

    CWAI Names NITDA As Dev’t, Regulatory Agency that Encapsulates Other Sectors

    The National Information Technology Development Agency (NITDA) established by the NITDA Act of 2007...

    Court of Appeal Orders Status Quo for Rivers Lawmakers Until June 20 Hearing

    By Milcah Tanimu The Court of Appeal in Port Harcourt, during a...

    Putin Demands Ukrainian Troop Withdrawal for Peace Settlement

    By Milcah Tanimu Russian President Vladimir Putin announced on Friday that the...