The Managing Director of Cloud Energy, trading as cloudenergy.com.ng, Mr. Theophilus Nweke, has called on the federal government to consider setting up a renewable energy fund for Nigerians, to enable them have easy access to finance that will boost electricity supply to their homes, offices and business premises, ThisDay reports.
Nweke, who focuses on providing alternative power supply to Nigerians, through cloudenergy.com.ng, by using solar energy, said the federal government, including state governments, must begin to see the need to support renewable energy supply in the country, by setting up a renewable energy fund that Nigerians could access to enable them connect to alternative power supply, just like it is done in developed countries of the world.
Commending the current government intervention on agriculture, by enabling famers to have access to single digit loans that will support them in farming, Nweke said such gesture should be extended to the power sector, where households could have access to the renewable energy fund, that will enable them purchase solar infrastructure for their homes, offices and businesses. He also explained that there are global funds, which government could access on behalf of its citizens in setting up the renewable energy fund. International agencies are ready to release such funds, if government shows serious commitment to it.