Mining can lift Nigeria’s GDP by 10% in 2020 – PwC

Sep 10, 2015

An industry assessment by PricewaterhouseCoopers Nigeria (PwC) has indicated that mining activities may lift the nation’s Gross Domestic Product (GDP) by 10 per cent in the next five years, The Guardian reports. The group believes that the optimal exploitation of the 44 varieties of minerals such as coal, columbite and tin in over 500 locations…

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Stakeholders highlight potential of solar energy for Nigerians

Sep 10, 2015

Stakeholders who attended the re­cent inaugural 2015 Electricity Mar­ket Summit in Abuja believe that much power can be generated from alternative sources, especially solar which the nation has in abundance, National Mirror reports. The Permanent Secretary, Minis­try of Power, Amb. Godknows Igali de­scribed solar as the future for Africa, adding that a lot has already…

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NBET signs PPA for Zuma coal power plant

Sep 7, 2015

The Nigerian Bulk Electricity Trading Plc. (NBET) has finally signed its first Power Purchase Agreement (PPA) on coal-to-power with Zuma Power for the construction of a 300 megawatts (MW) coal power plant in Itobe, Kogi State, ThisDay reports. Following this development, as well as its expected ratification by the Nigerian Electricity Regulatory Commission (NERC) and…

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Nigeria not ripe for renewable energy sources – NAPTIN DG

Sep 4, 2015

The Director-General, National Power Training  Institute of Nigeria (NAPTIN), Engineer Rueben Okeke has said that Nigeria cannot get the required volume of  electricity from renewable and alternative energy sources such as solar, coal, biomass and wind, The Nation reports. He said solar, coal, and biomass cannot generate the megawatts of electricity that can meet the…

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FG signs pacts for renewable energy projects in 4 states

Sep 3, 2015

The Federal Government yesterday signed multiple pacts with private investors who are to build about 850mw of renewable energy projects across Kaduna, Nasarawa, Cross River and Rivers states, Daily Trust reports. Permanent Secretary in the Federal Ministry of Power Dr. Godknows Igali signed the pacts on behalf of the Federal Government and said the present administration…

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UN urges Nigerian businesses to invest in renewable energy

Aug 25, 2015

The Special Adviser to the United Nations (UN) Secretary-General Ban Ki-Moon on Post-2015 Development Planning, Ms. Amina Mohammed has charged Nigerian businesses to invest more in renewable energy in the country, ThisDay reports. She made the call at the meeting of Ki-Moon with Nigeria’s business and philanthropy leaders in Abuja. According to her, the investment in…

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FG to harness solar in Nigeria’s energy mix – Power Ministry

Aug 19, 2015

The Permanent Secretary of the Ministry of Power, Dr. Godknows Igali, has said that Nigeria will soon fully harness its vast solar energy potential to help correct the imbalance in its energy mix, which is currently skewed in favour of thermal plants, The Guardian reports. Speaking at the launch of Nigeria’s National Renewable Energy Plan,…

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Power Africa gives $75m guarantee for renewable energy projects

Aug 18, 2015

Nigeria and other countries in the sub-Saharan Africa region can now access a $75 million Credit Guarantee (about N14.9 billion) from the United States Power Africa programme to boost renewable energy projects, Daily Trust reports. The Country representative of Power Africa in the United States Agency for International Development (USAID), Matthew Barton said this  at…

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Kaduna Polytechnic team wins Sahara alternative energy competiton

Aug 18, 2015

Inventors at the recently concluded second edition of the ‘Sahara Light Up Nigeria Challenge’ in Lagos, an initiative of Sahara Group, have proffered alternative and renewable energy sources that have the potential to enhance eco-friendly and sustainable electricity supply in Nigeria, Daily Trust reports. The 2015 challenge involved the development of simple power models that can…

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NEMSA to check poor solar installations across the nation

Aug 18, 2015

The Managing Director, Nigerian Electricity Management Services Agency (NEMSA), Engr. Peter Ewesor has said that its officials will move to check poor solar installations across the country, Daily Trust reports. He said this at a workshop to boost renewable energy inspection for the officials in Abuja and noted that there will be no more room for…

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