european-union-flagMinister of Power, Professor Chinedu Nebo, confirmed at the weekend that the European Union (EU) is providing of €27 million for the development of renewable energy sources in Nigeria.

The minister, who said this in a statement, disclosed that the contributions of donor agencies and development partners are critical to the ongoing reforms in the power sector.

It is on record, he said, that the support has influenced the ongoing collaboration between the EU and GIZ in developing and implementing a €36 million grant, which EU is providing the some of €27 million for the development of renewable energy sources in Nigeria.

While speaking at a get-together in honour of Ambassadors David Macrea and Pierre Fehye of EU in Abuja, Nebo had earlier acknowledged the EU as valuable collaborators in driving the nation’s power reform.

According to him, “our development partners have pledged important roles in advancing the goal and ambitions of this administration in the power sector.”

“Already the EU has demonstrated this commitment, thanks largely to the leadership role these envoys have played,” he said.

While calling for continued support from other development partners, the Minister said Nigeria would appreciate further initiatives like these ones, all geared towards ensuring access to power by Nigerians in an equitable, competitive, and efficient manner that meets market demand and global best practices.

 

Information from Daily Independent was used in this report.

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