June 12, 2014

Nigerian Federal Government to Reinvigorate Rural Electrification Agency. Pledges Renewable Energy Policy Soon

Determined to lift the Rural Electrification Agency’s activities to an enviable height, the Federal Government is set to harness more resources in providing the rural populace with electricity.

To this end, the Minister of State for Power, Mohammed Wakil, while receiving a delegation from Super Solar Nigeria Limited, led by Professor Jerry Gana, Ex-Minister of Information, said it was not palatable to know that 70per cent of Nigerians lived in rural areas where-as access to electricity was very low.

Wakil said government was bent on using renewable energy, especially solar, to complement gas – fired plant “as it could be deployed immediately, if we have access to the appropriate technology.”

To further demonstrate the commitments of government, Wakil said the ministry was putting finishing touches to the presidential initiative on renewable, which he said, would be the fore-runner to the National Policy on Renewable which was also at the threshold of being promulgated.

He assured new entrants in the renewable energy sub-sector of attractive incentives that would enable them to recoup their profit sooner than expected, adding that government would soon give tax incentives and waivers to them.

“Nigeria is prepared to key into the global interest in renewable energy because of its clean nature,” he said, adding that the Public Private Partnership (PPP) model was assured of government’s support, as it will help the country to fast-track power generation aimed at meeting the existing gap.

Leader of the Super Solar Group, Professor Jerry Gana, said the delegation’s plan was to complement the passion to deliver on power by President Goodluck Jonathan’s administration.

No comments:

Post a Comment