The eventual outcome of the Nigerian Economic Summit Group (NESG) CEOs Business Roundtable on “Renewable Energy”, in partnership with the Heinrich Boll Foundation, was a call for stakeholders in the Nigerian electricity sector, to develop a robust policy framework and smart financing measures to help grow the renewable energy sector in the country, News Direct reports.

Giving the opening remarks the CEO of the NESG Mr. Laoye Jaiyeola said that the roundtable was focused on establishing a renewable business platform in Nigeria. Mr. Jaiyeola noted that renewables are one of the strongest options for delivering power in Nigeria, and informed stakeholders that the roundtable will encourage and adopt “Made-In-Nigeria” innovative solutions for renewable energy.

The Keynote speaker and Research Coordinator, Energy and Climate Policy, Oeko Institute, Dr. Felix Matthes in his presentation during the roundtable asserted that the more robust way in the global trend of energy mix and transition is going renewable, but that it was much more capital intensive.

Dr. Matthes said the key issue for adopting renewables in the case of Nigeria, was identifying the business model that is suitable and adaptable. He said that for Nigeria a “non-technical” infrastructure would be required to ensure a sustainable renewable energy generation.