Reps probe MDAs over investments of renewable energy since 2015 till date

By Christiana Ekpa

The House of Representatives has mandated its on Committee on Renewable Energy to investigate Ministries, Departments, and Agencies (MDAs) associated with investment, procurement, and receipt of grants meant to develop the renewable energy sector.
The Committee is carry out the probe for the period 2015 till date and report within four weeks for further legislative action.
These resolutions followed the adoption of a motion titled, “Need to Investigate Investments in Renewable Energy Sector and Foreign Grants received from 2015 till Date” sponsored by Hon. Jesse Okey Joe Onuakalusi.
The House noted that Electricity is a crucial factor in the economic and social development of every nation.
The House said it was aware that poor electricity generation and distribution pose a great challenge to the country’s economic development and living conditions of its people.
The House said it was cognizant of the fact that successive governments since 2015, in an effort to address electricity supply challenges, made huge investments and attracted multimillion-dollar foreign grants to the renewable energy subsector of the Power Industry in Nigeria to energise a viable and sustainable alternative energy and supply.
It recalled that in December, 2023, the World Bank approved 750 million dollars facility to boost Renewable Energy in Nigeria, with the objective of providing over 17.5 million Nigerians with improved access to electricity through distributed Renewable Energy solutions.
The House also recalled that in 2020, the federal government launched a 200 million dollars renewable energy project tagged “Nigeria Electrification Project (NEP)” to provide off-grid energy to over 500,000 people across 105,000 households in rural communities in Nigeria with facilities sourced from the African Development Bank (AfDB).