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Home Companies Corporate Updates

Rockefeller Foundation president holds productive meetings to advance the ambitious 300 Million project

NM Partners by NM Partners
June 22, 2024
in Corporate Updates
Rockefeller Foundation president holds productive meetings to advance the ambitious 300 Million project

The CEO of SEforALL, Damilola Ogunbiyi and President of Rockefeller Foundation, Raj Shah speaking to Development Partners on expanding energy access initiatives that will advance Nigeria's Energy Transition. Photo: SEforALL

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Nigeria’s leadership in bridging energy access gaps and transitioning to clean energy systems has positioned it as a key player in Africa. With a substantial electricity access gap, Nigeria presents a crucial opportunity for the 300 million project.

Recognizing Nigeria’s potential, the President of The Rockefeller Foundation, Raj Shah led a high-level delegation to the country. Their focus: expanding energy access and accelerating Nigeria’s transition to clean and affordable energy. The visit, hosted by Sustainable Energy for All (SEforALL)’s CEO, Damilola Ogunbiyi, is part of a broader initiative to drive universal access to sustainable energy across Africa.

To advance the 300 million project, two broad areas of work were pursued on this visit; the establishment of stronger partnerships and the showcasing of projects & innovations.

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Chief Executive Officer, Em One, Mir Islam, immediate past Vice-Chancellor, University of Abuja, Professor Abdul Rasheed Na’Allah, Managing Director, Rural Electrification Agency, Abba Aliyu, Chieg Executive Officer, Sustainable Energy for All,SEforALL, Damilola Ogunbiyu, President, The Rockefeller Foundation Rajiv Shah and Head (PMU) Nigeria Electrification Programme (NEP), Mr. Femi Akinyelure during development partners meeting held at University of Abuja.

Establishment of stronger partnerships

President Shah met with key government officials including representatives from the Rural Electrification Agency (REA), the Energy Transition Office who lead the implementation of Nigeria’s Energy Transition Plan, and Nigeria’s pioneer Special Presidential Envoy on Climate Action (SPEC), Ajuri Ngelale.

Discussions revolved around learnings from Nigeria’s successful energy access programmes, which will inform the World Bank and African Development Bank’s “Mission 300” initiative aiming to bring electricity to 300 million Africans.

Key takeaways from these discussions highlighted the need to attract more funding for developers, address regulatory hurdles hindering mini-grid growth, establish frameworks for productive use equipment, and prioritize domestic African developers in tendering systems for sustainable energy service delivery.

President of The Rockefeller Foundation, Raj Shah (middle) with Female STEM undergraduate trainees at the University of Abuja.

Additionally, Shah met with the Minister of Finance, Wale Edun to discuss Nigeria’s leadership role within the African Caucus at the World Bank and explore partnerships to mobilize other African countries in closing the continent’s energy access gap.

A Development Partners’ Roundtable also brought together key stakeholders to discuss how to accelerate progress towards achieving sustainable energy access in Nigeria. The REA and the Nigeria Distributed Access through Renewable Energy Scale-Up (DARES) programme presented their work, emphasizing the critical role of collaboration, innovative financing solutions, and improved data collection for informed project planning and decision-making.

A separate roundtable with the private sector investor community addressed the crucial issue of financing Nigeria’s energy transition. Discussions focused on identifying creative financing options to replace reliance on polluting generators, and covered risk allocation, currency matching, blended finance, supportive policies, and attracting pension fund investments.

L-R: Vice President, Africa Regional Office, The Rockefeller Foundation, William Asiko, Chief Executive Officer, Sustainable Energy for All (SEforALL), Damilola Ogunbiyi,  Head (PMU) , Nigeria Electrification Programme (NEP), Mr. Femi Akinyelure and Global Director of Government Enablement, Global Energy Alliance for People and Planet (GEAPP),  Dr. Wale Aboyade during an inspection tour of  Solar Projects at the University of Abuja:
Photo: SEforALL

Showcasing innovations on the ground and unlocking existing challenges

The delegation visited an impressive interconnected mini-grid in Toto, Nasarawa State, which currently serves over 1,500 connections and and significantly reduces carbon emissions. The delegation also inspected a 3.3 MWp solar + storage project at the University of Abuja, part of the Energizing Education Programme (EEP), providing sustainable power to federal universities. Notably, 20 female STEM students received training on the University of Abuja project, highlighting a commitment to building a skilled and diverse workforce in the renewable energy sector.

A dedicated roundtable co-convened by AllOn and Global Energy Alliance for People and Planet (GEAPP) members provided a platform for Mr. Shah to gain a deeper understanding of the obstacles faced by mini-grid developers and their financiers. The meeting offered valuable insights from All On’s

Demand Aggregation Renewable Technology (DART) Programme and RMI’s Energizing Agriculture Programme (EAP) which will be instrumental in informing future strategies.

The visit concluded with a book reading and fireside chat featuring Mr. Shah. This event provided a platform to discuss his experiences and the critical need for bold action and investment in climate resilience and energy access.

L-R: An entrepreneur and Cornershops owner in Lugbe, Abuja, Benita Agbesi and The President, Rockefell er Foundation, Raj Shah while the elated Agbesi expresses  her delight on how Stand Alone Solar Solutions for Productive Use (SSPU) powered by Universal Energy Facility (UEF) and SEforALL has helped her business growth.
Photo: SeforALL

Quotes

After two days in Nigeria, I am amazed by the potential of this country, to take its crisis and turn into a tremendous transformation of its economy which expands access to energy, changes lives, lifts up women and girls and shapes a new future not just for Nigeria but for the continent.

Rockefeller is in this for the long haul and we are committed to working with partners in Nigeria and around the continent to make sure we reach 300 million people by 2030 with the kind of energy that will change their lives forever.

Raj Shah, President, The Rockefeller Foundation

During the visit to Nigeria, SEforALL and its partners highlighted some of the amazing progress being made to close energy gaps in the country.

However, more needs to be done in Nigeria and across Africa, and this is why I am excited to be collaborating with Rajiv Shah, the Rockefeller Foundation, and other partners to achieve the target of providing energy access to 300 million Africans by 2030.

By working together, we can achieve this target and more.


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Tags: Damilola OgunbiyiRaj ShahRockefeller FoundationSEForAll
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NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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