Nigeria is determined to achieving universal energy access by 2060, with a short-term target of attaining 30GW of grid energy supply by 2030, Minister if Power, Adebayo Adelabu has said.
According to a statement posted on the Ministry’s media platform on Thursday, the Power Minister stated this at the China-Nigeria Economic Cooperation and Trade Conference in Beijing, China.
Adelabu said: “In Nigeria, we are committed to achieving universal energy access by 2060, with a short-term target under our Vision 30:30:30 to attain 30GW of grid energy supply with a 30 per cent renewable energy mix by 2030, and a long-term goal of universal energy access.”
He stated that these targets present an opportunity for further partnership between the Chinese investment community and the Federal Republic of Nigeria to increase the penetration of cleaner and more sustainable energy solutions.
Furthermore, he said: “To achieve this objective, the Federal Government of Nigeria has implemented a multi-pronged approach designed to tackle issues across the Nigeria Electricity Supply Industry value chain and set the sector on a path to recovery and prosperity.”
The minister highlighted measures put in place to achieve these targets, including streamlining legislative and policy processes, leveraging public and private funds, embracing technology and innovation, and fostering strategic partnerships.
“I believe this Nigeria-China Economic Forum presents a great opportunity for us to firm up our existing areas of collaboration and explore additional opportunities for shared prosperity”, he stressed.