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.