Addressing a business meeting in Abuja on Thursday, the Indian High Commissioner to Nigeria Nagabhushna Reddy, said the partnership will boost the policy on increasing renewable energy opportunities by the Nigerian Government.
When President Muhammadu Buhari assumed office in May 2015, he listed the Electricity problem in Nigeria as a top priority on his Agenda. And by 2017 power generation had gone up to 7,000mw from 3,000mw in May 2015.
Encouraging as that figures is it can hardly conform with the realities experienced in Nigerian Industries and homes.
The Indian High Commissioner to Nigeria hopes the new partnership will help in identifying the challenges and explore opportunities in Solar and other renewable Energy.
The envoy further explained that India which was once like Nigeria is now rated 5th globally in total renewable power installation, which has brought remarkable growth to the country.
Other speakers at the meeting, said for Nigeria to achieve its set target of 30% energy need in the year 2030, the sub-sector has to be given top priority.
Already, the Indian High Commission is working with Nigeria’s Federal Ministry of Power as well as environment to develop a memorandum of understanding on cooperation in the renewable energy sector.