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USAID to assist Nigeria in Renewable Energy Project

Posted by admin | 07.07.14

ABUJA — THE United States Agency for International Development, USAID, has promised to assist the Federal Government in renewable energy project for the promotion of energy efficiency market.The Director of Economic Growth, USAID, Sharon Pauling, who disclosed this, yesterday, while declaring open a-one-day workshop organized by WINROCK International, stated that USAID’s renewable energy project would among other benefits facilitate the development and financing of the project.

She said it will also promote energy efficiency market, adding that it would also enhance the capacity of key stakeholders, including financial institutions, universities and give rents.Pauling noted that WINROCK would through the project provide technical assistance that would contribute to its broader goal of developing renewable energy in the Nigerian market.Pauling assured that over 30 new commercial loans would be granted to small and medium scale enterprises for the purchase of renewable energy products, adding that training opportunities would be given to over 100 in the sector.In his remarks, the representative of WINROCK international, Segun Adaju in his overview of the project disclosed that apart from providing technical support to stakeholders, the project would also be of immense benefit to the agriculture sector, banks as well as providing alternative sources for the fight against HIV/AIDS.Adaju maintained that it was only an improved policy on renewable energy that would help it actualize the goals of the project.He urged banks to key into the project by doing business with the clean energy sector, stressing that it has already started business with some Nigerian banks, which he noted have agreed to invest in the clean energy sector.According to him, “With our 75% target for the use of renewable energy in Nigerian, a well improved government policy would be required to actualize this project. There is need to have policies that would help develop the sector and promote the efforts of renewable energy in the country as it is done in countries like Kenya and South Africa where duties on technology has been abolished.


“We ate currently discussing with the general hospital at Abaji in the FCT to introduce solar energy. Also we are in talks with some Nigerian banks to finance and do business with the clean energy sector.”In a goodwill message, the director of International Center for Energy, Environment Development, ICEED, Ewa Eleri stated that about 100 million Nigerians live in darkness without having access to electricity, noting that only about 18 percent of the Nigerian population have access to power.Also speaking in his goodwill message, the representative of Nigeria Independent Power Company (NIPC) Aminu Takuna regretted that Nigerian banks had refused to finance renewable energy project proposals, adding that there was an ongoing policy reform in the renewable energy sector.He assured that the NIPC will soon forward it to the National Assembly for the interest of Nigerians.Stakeholders at the workshop which was centered on renewable energy and energy efficiency project regretted that unlike countries like Kenya and South Africa where government policies had promoted the development of renewable, the government of Nigeria was yet to put in place policies that would work towards the actualization if its 75 percent use of renewable energy by 2020.They also noted that the sector needed policies that would create a coalition of players who could be of influence to promote renewable energy. – See more at:

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