By Chris Ochayi
ABUJA: Notwithstanding the hiccups currently being experienced in the power sector of the economy, stakeholders in the sector have resolved to make Nigeria the power generation hub in West Africa with the vast opportunities available in the nation’s renewable energy resources.
This has come with calls by the stakeholders on the need for the Federal Government to take urgent step in ensuring the development of cost-effective renewable energy options in view of huge threat to climate by fossil fuels.
Most stakeholders argued that pursuit of renewable energy provision is most appropriate at this point in the life of the nation, considering numerous advantages attached to that source of power supply.
A German firm, LTI Re Energy recently signed an agreement with a Nigerian firm, NIGUS International, to construct a 500 megawatts solar energy plants in the North East zone, beginning with Adamawa State.
Nigerian Investment Promotion Commission, NIPC, has endorsed the deal in which the conglomerate has made known its intention to commit N180 billion to the development of solar energy in the zone.
Speaking with Vanguard on the backdrop of the investments, the Senator representing Adamawa Central Senatorial District, Abdul-Aziz Murtala Nyako (APC) was optimistic that Nigeria has all it takes to become nucleus of the power supply in West Africa.
Senator Nyako stated: “As we stabilize electricity, commerce will come naturally and I think it will have an impact not only in the region (North East) but virtually in the whole country.”
On the significance of the project to the people of Adamawa State, Nyako said, “Primarily what we are discussing goes beyond Adamawa State, we are talking of the future of Nigeria, we are talking of renewable energy and this is the trend worldwide.
“If you could remember, three months ago we were in Paris, there was the international law that came up on renewable energy, the environment and so on, this is one of those things. Nigeria must always position itself so that the next generation has a role to play in the world.