The Nation Newspaper Fed Govt invests 48m euros in phase 2 energy support programme
The Federal Government has invested 48 million euros for the second phase of its Energy Support Programme, the Component Lead, Enabling Environment Nigerian Energy Support Programme , Mr Joshua Yari, has said.He noted that the project is co-funded by the European Union of the German Federal Ministry for Economic, Corporation and Development, adding that the Nigerian government is also at the NESP to put almost about 19 million euros to support its government for the third phase.
He added that the World Bank with the Nigerian Electrification Programme is bringing in 750 million dollars to support the Nigerian government in terms of integration of renewable energy and energy efficiency, particularly in the rural areas. Speaking further, he said the energy transition plan had five focal areas and one of them was to create an enabling environment to support and foster investments within Nigeria.
In his remarks, the Director-General, ECN, Dr Mustapha Abdullahi, said Nigeria must confront challenges such as investment barriers, grid integration issues, robust policy frameworks and some hurdles of energy transition goals.Abdullahi highlighted some of the solutions to include innovative policy measures, regulatory reforms, and investments in grid modernisation to address the challenges and pave the way for a sustainable energy transition.
In his remarks, Ogbugo Ukoha, Executive-Director, Nigerian Mainstream and Downstream Petroleum Regulatory Authority said the impact of the environment was promising as Nigeria migrates from heavy consumption of Premium Motor Spirit Click here to start./* real people should not fill this in and expect good things - do not remove this or risk form bot signups */
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