The federal authorities has unveiled a solarisation programme to energy public establishments with clear vitality and cut back reliance on diesel and petrol, thus slicing value of governance.
The primary section which is named Section Zero, is absolutely funded by the federal authorities’s N100 billion budgetary allocation.
The initiative, often known as the Nationwide Public Sector Solarisation Initiative (NPSSI), was formally launched on Thursday, following the signing of a memorandum of understanding by the related authorities businesses.
The settlement is between the Rural Electrification Company (REA), the funds workplace, the Infrastructure Company of Nigeria (InfraCorp), and the Ministry of Finance Included (MOFI).
NPSSI is designed to speed up the deployment of distributed photo voltaic vitality techniques throughout important public sector infrastructure, together with faculties, hospitals, authorities places of work, and safety posts.
Talking on the venture, Abba Aliyu, managing director of REA, mentioned the NPSSI represents a major step towards Nigeria’s clear vitality transition and the localisation of renewable infrastructure.
Aliyu famous that the NPSSI is a part of a broader technique to place Nigeria because the renewable vitality hub of Africa, whereas selling innovation, native manufacturing, and sustainability in vitality infrastructure financing in Nigeria.
What makes this really outstanding, he mentioned, “is the collaborative spirit behind it. We’re witnessing a brand new period of inter-agency synergy, pushed by creativity, fiscal duty, and a shared dedication to cut back the price of governance whereas assembly our nationwide vitality transition objectives”.
He mentioned at its core, this initiative was birthed from a strategic nationwide precedence: the pressing must energy important infrastructure with clear, dependable vitality, whereas shifting away from diesel dependence and decreasing the general public sector’s carbon footprint.
“The signing ceremony for the Nationwide Public Sector Solarisation Initiative (NPSSI), Ministry of Finance in Abuja, not solely strengthens the alliance and collaboration between the federal government and the personal sector within the vitality sector but in addition goals to advance the nation’s drive for localised renewable vitality infrastructure and reverse unsustainable vitality financing mechanisms.
Whereas offering an summary of the initiative, Abba Aliyu defined that “The NPSSI is a flagship, government-led programme designed to speed up the deployment of distribute d photo voltaic vitality options throughout Nigeria’s public sector establishments: faculties, hospitals, safety posts, authorities places of work, and extra. At its core, this initiative was birthed from a strategic nationwide precedence: the pressing must energy important infrastructure with clear, dependable vitality, whereas shifting away from diesel dependence and decreasing the general public sector’s carbon footprint”
MD REA additional defined that “at its core, this initiative was birthed from a strategic nationwide
MD REA additional defined that “at its core, this initiative was birthed from a strategic nationwide precedence: the pressing must energy important infrastructure with clear, dependable vitality, whereas shifting away from diesel dependence and decreasing the general public sector’s carbon footprint”. Section 0 of the NPSSI is absolutely funded by the Federal Authorities of Nigeria to the tune of N100 billion. Subsequent phases will harness revolutionary and blended financing fashions, leveraging personal capital from each native and worldwide long-term elementary underneath buildings that remove sovereign ensures and contingent liabilities.
Equally, talking on the occasion, the director normal of the Funds Workplace of the Federation, Dr. Tanimu Yakubu, emphasised the importance of the initiative in addressing Nigeria’s long-standing vitality hole and strengthening the fiscal effectivity of public sector ope rations. He defined that “solarisation has come of age as a necessity” and NPSSI will present an added alternative to optimise “the demonstrated skill of public establishments to pay for clear, sustainable vitality, which is what the capital market wants to make sure bankability”.
On his half, MD/CEO of InfraCorp, Dr. Lazarus Angbazo, hailed the initiative as a mannequin for the way forward for infrastructure financing in Nigeria. He defined that “for many years, the sector has re lied solely on public financing” and “whereas authorities is indispensable, authorities is n ot sufficient to resolve the vitality problem”, therefore the necessity to optimise the federal authorities’s NPSSI as a pathway to drive localization of vitality functionality and provide chain integration.
Additionally talking, MD of MOFI, Dr. Armstrong Takang, added a strategic perspective on the necessity for evolving funding fashions for Nigeria’s vitality sector.
Dr Takang, who was represented by MOFI’s chief funding officer
Dr. Femi Ogunseinde, defined that “our vitality combine has traditionally been unfairly weighted on fossil gas, which is dear to maintain. We should not underestimate the significance of making enterprise fashions that drive down the price of energy whereas increasing entry. We should now chart a brand new course, one which de-emphasises using sovereign ensures, domestically anchored and investment-ready”
With far-reaching goals, the NPSSI is geared toward sustainably eradicated dependence on diesel turbines and excessive electrical energy payments, whereas advancing vitality entry, sustainability tradition and native job creation.
The Rural Electrification Company (REA) is the Implementing Company of the Federal Govern ment of Nigeria (FGN) underneath the Federal Ministry of Energy tasked with the electrification of unserved and underserved communities to catalyse financial progress and enhance high quality of life for Nigerians. The Company was established underneath part 127 of the Electrical energy Act 2023.
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