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.
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.
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Inter-Agency Cooperation MOU on the Green Energy Investment Platform, a One Stop Investment Platform (OSIP) for Renewable Energy and Energy Efficiency Investments in Nigeria:Earlier today, the REA, @nipcng, @PowerMinNigeria, today launched the One Stop Investment Platform (OSIP). pic.twitter.com/UArofLuqPh
— REA Nigeria (@realREANigeria) November 30, 2020
(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.
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” 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
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
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.
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.
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.
Business
#DigitalSkillsTraining: FG announces conclusion of selection process
Only successful applicants that are contacted by the Ministry are to report at the training venue.
