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

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All this things na smoke Looting our money 💰

On paper.

Pope413

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global Conference on Tourism will connect Nigeria’s leisure, business sectors to investors – Buhari | The Guardian Nigeria News - Nigeria and World NewsPresident Muhammadu Buhari says hosting the Global Conference on Tourism, Culture and Creative Industry in Nigeria will bring the country’s leisure and business sectors in contact with potential investors. It’s great to see how much Foreign Diplomacy MBuhari is trending on the Global scale especially selling Nigeria as a good Tourist Market. But this wouldn’t kick-off if the impending Security Challenges remain. A huge priority to look into. The Country needs this escalated ASAP.
Source: GuardianNigeria - 🏆 1. / 94 Read more »