Connect with us
iubh
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
app

Business

FG launches One-Stop Investment Platform for renewable energy investments

The FG has launched the One-Stop Investment Platform for renewable energy and energy efficiency investments in Nigeria.

Published

on

FG launches One-Stop Investment Platform for renewable energy investments

The Federal Government has launched the One-Stop Investment Platform (OSIP) for Renewable Energy and Energy Efficiency Investments in Nigeria.

The launch which is an inter-agency cooperation MoU on the Green Energy Investment Platform is guided within the Nigerian Energy Support Programme. 

This was disclosed by the Rural Electrification Agency in a statement on Monday, after the signing of an Inter-Agency Cooperation MOU on the Green Energy Investment Platform.

READ: Reps to probe FG’s N3.4 billion failed solar power project

(READ MORE: FG commissions 100KW solar hybrid mini-grid power plant in Ebonyi)

The One Stop Investment Platform (OSIP) was also launched by the Rural Electrification Agency, the Nigerian Investment Promotion Commission, and the Ministry of Power.

“This OSIP platform is for Renewable Energy (RE) and Energy Efficiency (EE) in Nigeria. The Launch was conducted within the framework of the Nigerian Energy Support Programme (NESP), a technical assistance programme, co-funded by the EU and GIZ GMBH,” The REA said.

Hotflex
Sigma Pensions

READ: TCN: Minister of Power shares FG’s plans with new management

Ahmad Salihijo, Chief Executive Officer, Rural Electrification Agency said the platform would serve as a data hub for up to date information on Nigerian power and opportunities in the sector.

” I am happy that my team and I at the REA have had the opportunity to collaborate with the Giz GMBH, Nigerian Energy Support Programme,  Nigerian Export Promotion Council, and the Ministry of Power, right from the design stage of this very valuable project to the point where we now unveil it to the public,” he said.

READ: FG set to create at least 5 million jobs for youths in the power sector – Minister of Power 

“The OSIP platform serves as a hub for up-to-date information and opportunities in the Nigerian Power Sector. This allows stakeholders to have access to information on how best to do business in the renewable energy industry,” he added.

READ: Power sector records N2.2 billion loss, here is why

Stanbic 728 x 90

What you should know 

  • Nairametrics reported earlier that The Presidency disclosed that an estimated 25 million Nigerians that will benefit from the Federal Government’s Solar Home Systems which is expected to commence this week will be expected to pay about N4,000 monthly over a 3-year period.
  • Nairametrics also reported last month that The Ministry of Power is in talks with a consortium of Western Investors that are set to invest upwards of $5 billion in the Nigerian Power Sector with a major focus on the renewable energy sector.

READ: Nigeria among other African countries to benefit from €2.6 billion EFSD

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

Lagos State seeks investors in aquatic and livestock agriculture value chain

The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap.

Published

on

Lagos State begins recruitment for Agripreneurship programme, Sanwo-Olu confirms Abisola Olusanya as new Agriculture commissioner

The Lagos State Government announced it is seeking private sector collaboration for Agriculture sector value chain development in livestock feed mills, fisheries and red meat.

This was disclosed by the State Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday in Lagos.

The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap, as the State identified the 3 main sectors for value chain disruption.

READ: Lagos goes tough on illegal conversion of land use, enforcement begins in Ikeja GRA, Lekki, others

She also added that investment in the sectors would also develop jobs for the industry and boost the State’s GDP growth, through Private Sector collaboration as Lagos residents consume over N5 trillion worth of food annually.

“The objective is to stimulate and encourage more public-private partnerships in the three value chains,” she said.

“When you consider this pool of transactions happening in Lagos, it shows that we are the market. For instance, we demand over 400,000 metric tons of fish on an annual basis.

“But our fishermen and our aquaculture farmers are only able to produce just about 174,000 metric tons with deficit of 200,000 metric tons,” she added.

Sigma Pensions

READ: CBN invests over N120 billion on 320,000 farmers across CTG within four years

She also disclosed that the state has 9,000 artisanal fishermen, and bringing more youths into the space will increase the level of fish and seafood being harnessed from our water bodies. Looking at the transactional value on an annual basis, the fisheries sector is worth well over N120billion according to her.

In case you missed it: Nigeria exported agricultural products worth N321.5 billion in 2020, representing a 19.16% increase when compared to N269.8 billion recorded in 2019 and a 6.27% increase compared to N302.28 billion recorded in 2018.

Continue Reading

Business

#DigitalSkillsTraining: FG announces conclusion of selection process

Only successful applicants that are contacted by the Ministry are to report at the training venue.

Published

on

President Buhari to address Nigerians on Lekki toll plaza shootings after investigation , Youth Investment Fund:  Ministry of Finance and CBN to launch provision of funds- Minister, Federal Ministry of Youth and Sports launch DEEL initiative

The Federal Government through the Ministry of Youth and Sports disclosed that the selection process for the upcoming Digital Skills Training has been concluded for the #DigitalSkillsTraining from April 11th to 30th, 2021.

This was disclosed in a statement by the Ministry of Youth and Sport on Sunday evening.

“The Federal Ministry of Youth and Sports Development wishes to inform the general public and all Nigerian Youths that the selection process has been concluded for successful applicants for the #DigitalSkillsTraining scheduled for April 11 to 30, 2021,” the statement said.

The Ministry added that only successful applicants that were contacted by the Ministry are to report at the training venue. Those who were not successful but arrive at the training would not be admitted.

Upcoming #DigitalSkillsTraining Programmes of the Ministry will be widely publicized on youthandsport.gov.ng , on : noya.ng and on the Ministry’s social media handles,” the statement added.

What you should know 

Recall that Nairametrics reported in November 2020, that the Ministry of Youths and Sports Development announced it will scale up its digital skills training to cover 500,000 youths across the country after securing funding under the COVID-19 stimulus budget.

Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.