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PRESENTATION: From left, Carolina Desmeules, Associate Communications Director;  Olufemi Arosayin, Chief Commercial Officer; Mohamad Darwish, Chief Executive Officer, and Adeola Olasewere, Head Marketing and Communication, all of IHS Towers, at the presentation of a report commissioned by IHS on renewable energy in Africa and written by The Economist Intelligence Unit, in Lagos.

Renewable energy: Africa needs $90bn investment annually

THE result of the Economist unit report on Africa’s renewable energy goals, sponsored by mobile telecommunications Infrastructure Company, IHS Towers, has asked the continent to back down its high horse of ambitious energy targets and make some reasonable investments. Meanwhile, the report also admitted that Africa has the potentials to deliver a renewable power revolution that can replicate the wonderful growth being experienced in the telecommunications sector.

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Nuclear power Plant

Nigeria may bungle its nuclear energy project if…

If things stand the way they are, Nigeria’s nuclear power project may go the Nigerian way. It will gulp massive investments without achieving a desired end. This is when evaluating the success stories of those countries that have benefitted immensely from the project in comparison with the way Nigeria is going. Nigeria last week signed a Memorandum of Understanding, MOU, with ROSATOM to partner in building nuclear technology centre in Nigeria.

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