Ethanol deal worth €2 billion signed by Nigerian Government

The Nigerian government has signed a deal with Global Biofuels to build 15 biofuel plants in Nigeria, costing about N414 billion (€2.02 billion). The planned project will create about 120,000 jobs and will supply 15 states with 30MW from each biofuel plant. Construction is due to begin within the next few months and should be complete in about a year, Global Biofuels is a local biofuel producer. The Nigerian minister of trade and investment, Olusegun Aganga, "says the project has been researched over a number of years and feasibility and market studies had already been carried out on the proposed developments". Read more ...

Nigeria reiterated its commitment to renewable energy

Nigeria's federal government has reiterated its commitment to enhance the country's power situation with increased input from renewable energy sources. Repeating this undertaking in a Renewable Energy Day address here, environment minister Hadiza Ibrahim Mailafia said: “Nigeria is a fossil fuel based economy and the need to deploy sustainable means of powering the nation cannot be over-emphasised," "Nigeria is very mindful of the need to turn to the abundant available renewable sources of energy technologies to meet the local needs of our increasing population,” Ms Mailafia added. Read more ...

Renewable energy to boost MSMEs

Two major international organisations have joined forces the United Nations Development Program (UNDP) and the Bank of Industry (BOI) has partnered to boost the use of renewable energy with the activities of Micro Small and Medium Enterprises (MSMEs). The Administrator, UNDP, Mrs. Helen Clark said that there is huge energy potential in Nigeria not just from fossil fuels but from sun and rice husks to feed into biomass fuel. According to her, the United Nation Secretary General has said that come 2030, there will be sustainable energy for all adding that his is a big agenda and will require a lot of investment. Read more ...