Saturday, September 13, 2025
22.1 C
Abuja

EU and Germany grant Nigeria 31.9 billion naira for renewable energy

The European Union (EU) and the German Government have initiated the third phase of the Nigerian Energy Support Programme (NESP), aimed at enhancing investments in renewable energy, improving energy efficiency, and promoting rural electrification. This new phase of the programme is backed by a fund of €17.9 million.

The primary goal of this initiative is to provide electricity access to 1,500 individuals, while also ensuring that 30,000 people gain access to clean cooking gas. Additionally, the programme aims to generate eight megawatts of electricity, contributing significantly to Nigeria’s energy landscape.

The NESP was first launched in 2013 as a technical assistance initiative, co-funded by the EU and the German Federal Ministry for Economic Cooperation and Development (BMZ). It has been implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in partnership with the Federal Ministry of Power (FMP).

During the launch event and steering committee meeting for NESP III, the Head of Section for Green and Digital Economy at the EU Delegation to Nigeria and ECOWAS emphasized that achieving a cleaner energy future requires the active participation of all stakeholders involved.

The EU has consistently supported the Nigerian government in its efforts to secure energy resources and develop a sustainable energy future. This includes increasing the proportion of renewable energy in Nigeria’s electricity mix.

Read also: The national power grid has experienced three outages within the span of one week

The EU representative expressed satisfaction with the additional funding for the third phase of the programme. This funding aims to continue the development of various frameworks and innovative models, which are essential for attracting renewable energy investments.

Moreover, the programme seeks to reshape the concept of electricity franchising, ensuring reliable power supply to beneficiaries while fostering a new investment landscape in the renewable energy sector.

Johannes Lehne, the Deputy Ambassador of the Federal Republic of Germany, reiterated Germany’s commitment to Nigeria’s energy transition targets. He highlighted the importance of collaboration in achieving these goals.

Both representatives stressed that the advancement of technologies and investments in renewable energy and energy efficiency will be crucial for diversifying Nigeria’s energy sources and enhancing energy security.

In conclusion, the third phase of the NESP represents a significant step forward in Nigeria’s journey towards sustainable energy, with the support of international partners committed to fostering a greener future

Hot this week

“Shehu Sani Warns: Ukraine to Lose Land to Russia, $500bn Minerals to US Amid War Fallout”

The ongoing war between Ukraine and Russia continues to...

Pope Francis’ Health: Doctor Says Pontiff ‘Not Out of Danger’ Amid Recovery

Pope Francis’ personal physician, Dr. Sergio Alfieri, has given...

Trump Sparks Controversy Over 14th Amendment, Claims Birthright Citizenship Was Never Meant for Immigrants

Trump Challenges Birthright Citizenship in New Executive Order President Donald...

Trump announces he will implement tariffs on products from the EU

U.S. President Donald Trump has once again emphasized his...

“America, China And The World As Trump Returns”

When Huge Fortune Is Involved There Is No Price...

Topics

Eniola Badmus Reaffirms Her Support for President Tinubu, Sparking Reactions

Eniola Badmus, a well-known actress and Special Assistant for...

Rapper Jeriq Explains Why He Has Never Been in a Relationship

Nigerian rapper Jeremiah Chukwuebuka Ani, widely known as Jeriq,...

Album Releases: Ruger and Joeboy Face Off in a Supremacy Battle

The Nigerian music scene is buzzing with excitement and...

“Famous singer NBA YoungBoy has been released from prison.”

Popular American singer Kentrell DeSean Gaulden, better known as...

“My kind of wealth cannot be achieved through investment,” Davido proudly declared.

Nigerian Afrobeats singer David Adeleke, widely known as Davido,...

“I backed Tinubu, but the hardship is becoming unbearable,” said Cynthia Morgan.

Nigerian singer Cynthia Morgan, now known as Madrina, has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img