The African Development Bank Group (AfDB), The International Finance Corporation (IFC), and partner organizations today announce the appointment of Inspired Evolution as the investment manager for Zafiri, a new decentralised renewable energy (DRE) equity investment vehicle targeting small-scale and decentralized renewable energy, to expand access to electricity and clean cooking solutions for tens of millions […]
The Nigerian government has announced plans to deliver a 4,000-megawatt renewable manufacturing capacity across participating states in the country. This was disclosed in a communique released after a meeting of the Nigeria Renewable Energy Innovation Forum.
Nigeria’s Ministry of Women Affairs has joined forces with major stakeholders in Nigeria’s energy sector to eliminate the health risks posed by firewood and traditional cooking methods, with a renewed commitment to tackling energy poverty among women. Speaking at a multi-stakeholder engagement in Abuja on Wednesday, Minister of Women Affairs Hajiya Imaan Sulaiman-Ibrahim expressed confidence that […]
Lagos State has begun a journey to achieve energy independence with the target of six gigawatts in power generation over the next three years. This ambitious energy plan was disclosed, on Tuesday, during Lagos Energy Summit, where the state government’s representatives are meeting with regulators, investors and stakeholders to fashion out the plan. The bold […]
The Lagos State Ministry of Energy and Mineral Resources has announced the maiden edition of the Lagos Energy Summit, targeted at driving sustainable power solutions. The summit tagged ’Journey to Energy for All’ is aimed at fostering robust discussions through stakeholder engagements while proffering innovative solutions for the state’s energy sector. The summit will take […]
The federal government has committed N450 billion to advancing renewable energy and reducing poverty, the Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Yilwatda, has said. Speaking at the national budget roundtable and panel discussion at Covenant University, Ota, Ogun State, Yilwatda disclosed that the government was investing in renewable energy to lift more […]
Addressing the Global Energy Access Gap Constantine ‘Labi Ogunbiyi, Solad Power Group Chairman Following the recently concluded 2025 Sustainable Energy for ALL Global Forum in Barbados, here are a few of my thoughts around the current energy landscape and the need for concerted action. The Growing Challenge The global energy access gap is widening, with […]
Federal Government has unveiled a $23.2 billion National Energy Compact (NEC) aimed at accelerating Nigeria’s energy transition and addressing the country’s persistent power supply challenges with a target of $15.5 billion in private sector investment to bridge the country’s energy deficit and promote cleaner, sustainable energy solutions.
President Bola Tinubu has confirmed the approval of a $1.1 billion fund from the African Development Bank (AfDB) to provide electricity to 5 million Nigerians by the end of 2026. In addition, Tinubu highlighted the AfDB’s $200 million Nigeria Electrification Project. This aims to provide electricity to 500,000 people by the end of 2025.
President Bola Tinubu has departed Abuja for Dar es Salaam, Tanzania, to participate in the Africa Heads of State Energy Summit starting today. The summit, being hosted by the Government of the United Republic of Tanzania, the African Union, the African Development Bank Group (AfDB), and the World Bank Group, will bring together over 25 […]
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