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Nigeria’s renewable energy investment potential hit $104bn – UK

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Climate-smart investment potential in Nigeria, particularly in the renewable energy sector, is worth over $104bn, the United Kingdom High Commission has said.

In his address at the Carbon Chamber Conference of the Abuja Chamber of Commerce and Industry, the Head of Climate Change and Energy West Africa, UK High Commission, Sean Melbourne, said the gradual shift to a low carbon economy would transform many sectors.

Melbourne noted that off-grid renewables offered the most cost- effective solution to taking energy to people who were not yet connected to the grid. “And as the biggest economy in Africa and by far its most populous, the low carbon market opportunities in Nigeria are significant. Nigeria’s economy is expected to undergo massive change over the next two decades,” Melbourne stated.

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All this things na smoke Looting our money 💰

On paper.

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