24
Oct

Nigeria’s Alternative Energy Expo Welcomes Global Investors to Abuja in 8th Edition

Abuja, Nigeria, October 23, 2018 — The 8th annual Nigeria Alternative Energy Expo (NAEE) opened yesterday in Abuja at the Yar’Adua Centre with hundreds of delegates and participants across Africa and industrialized world. Theme: The 8th Annual Nigeria Alternative Energy Expo has the theme tagged Liberating Economic Drive with Clean Energy. This year’s edition is...
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12
Oct

How REA plans to disburse World Bank’s $350m electricity fund

How REA plans to disburse World Bank’s $350m electricity fund Posted on September 14, 2018 COMMENTS Nigeria’s Rural Electrification Agency (REA) has released more details on how it would spend about $350 million financial facility expected from the World Bank to develop off grid electricity supply systems in the country under the Nigerian Electrification Project (NEP)....
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12
Oct

Nigeria needs $1trn investment to modernise energy infrastructure – Osinbajo

VICE President, Prof. Yemi Osinbajo, has said Nigeria requires about $1 trillion investment to modernise its energy infrastructure. Osinbajo, who stated this while declaring open the National Energy and Climate Change summit at the Old Banquet Hall, Presidential Villa, in Abuja, yesterday, said government was doing a lot to attract domestic and foreign-direct investments into...
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6
Oct

Akufo-Addo meets Eni CEO on renewable energy

President Akufo-Addo met the CEO of Eni, Claudio Descalzi, in Accra on Wednesday – which meeting discussed a new area of focus for the operator of Sankofa oil and gas field: renewable energy.  To push its renewable energy agenda, Eni recently signed a partnership with the UNDP and says it wants Ghana to play a...
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3
Oct

Lower Tax Regime to Attract Investment in Renewable Energy

A new report by the Lagos-based financial advisory company, Financial Derivatives Limited has advised the federal government to incentivise the private sector in investing in renewable energy through cheaper financing and lower taxes. In its latest economic report made available to THISDAY, the company stressed that lending rates in Nigeria – currently at an average of...
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15
Sep

Buhari Promises To Tackle Environmental Challenges

President Muhammadu Buhari has promised to tackle environmental challenges facing some parts of the country. He gave the assurance on Friday while inaugurating the Gully Erosion and Flood Control Works in Eket, Akwa Ibom State. The President who was represented by the Minister of Trade and Investment, Okechukwu Enelamah explained that the project which covers...
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12
Sep

Nigerian Govt, World Bank To Devise Funding Structure For Mini-Grid Projects

The Nigerian government and the World Bank are working out finance models to fund the growing mini-grid industry in Nigeria. The likely system being planned is a limited subsidy structure that will see mini-grid constructors paid for every connection, Development Finance reports. The Managing Director of the Rural Electrification Agency, Damilola Ogunbiyi, said private funding...
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12
Sep

NAEE 2018 TO EMPOWER WOMEN

The forthcoming 8th annual edition of the Renewable Energy Conference and exhibition reputed to be Africa’s largest energy market and tagged Nigeria Alternative Energy Expo, NAEE 2018 is expected to empower women in more reliable projects and economic ventures. The three-day conference attracting hundreds of global solar power equipment manufacturers, investors and energy industry specialists...
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