By Abubakar Yunusa
The Nigerian government said Wednesday that the country has attracted over $2 billion in investment in the renewable energy sector.
President Bola Tinubu disclosed this at the opening ceremony of the 3rd edition of the Africa Natural Resource And Energy Investment Summit (AFNIS) in Abuja on Wednesday.
“Over the past decade, Nigeria has attracted over $2 billion in investment in the renewable energy sector and this has become a fast-growing sector in the economy. Our commitment is to continue this trajectory and attract more private sector involvement in the renewable energy space that includes manufacturing locally produced solar panels and batteries.
“By encouraging local production of equipment, we can reduce the cost of implementation thereby lowering the threshold for electrification,” Mr Tinubu said
Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.
