20 August 2016, Sweetcrude, Abuja – The Federal government announced that it has set a target to expand reliance on renewable energy to 50 percent of its power output by the year 2020.
The Vice President, Prof. Yemi Osinbajo, who made the disclosure yesterday at the Presidential Villa, Abuja, while receiving a delegation led by the Indian High Commissioner in Nigeria, Mr B. Nagabhushana Reddy, said government is focused on increasing the energy mix to enhance sustainable energy development.
He said, “We are doing some expandable work in solar energy adding about 1,000MW of solar. We are looking at 50 percent reliance on renewable energy sources by 2020.”
He noted that the President Muhammmadu Buhari administration is determined to improve access to electricity “for our people,” the vice president, in a statement by his spokesman, Mr. Laolu Akande, added that solar is one of the options being actively considered.
Welcoming the Indian High Commissioner who recently resumed in Nigeria, he said he had resumed work in Nigeria at a time of “incredible opportunity.”
Osinbajo welcomed the $100m credit facility from India to be injected into the Nigeria economy, especially in the power sector, and called for more active engagement between both countries.
He explained that opportunities exist in agriculture and technology for Nigeria and India to cooperate, adding that diplomatic and economic relations between both countries had been “extremely good.”
Speaking earlier, the Indian High Commissioner had said his country supports the plan of the Buhari administration to “make the Nigerian economy strong.”
He also welcomed the recently launched “Green Alternative,” the agricultural road map of the federal government, saying India has a keen interest in expanding domestic agriculture production in Nigeria and also in making quality agro products for exportation.