Tag: renewable energy

  • Expert: renewable energy can solve power problems

    Expert: renewable energy can solve power problems

    An expert and electrical engineer,Efuetanu Emuobome Richard has underscored the importance of renewable energy to solve Nigeria’s power problems and enhance quality of life. In an interview, he stressed his commitment to renewable energy, adding that it extends beyond mere business, but  a mission to uplift communities and improve their lives.

     Richard, a passionate electrical engineer, night life enthusiast & a serial entrepreneur, shared insights into his remarkable journey from the world of renewable energy to the vibrant nightlife industry.

    Having established Blizz Renewable Energy Empire Limited in 2020, his commitment to addressing Nigeria’s power challenges has positioned him as a pivotal figure in the renewable energy sector. His venture into nightlife began in 2023 with the launch of Moblizz Empire Club and Lounge, a move that reflects his multifaceted interests and desire to provide holistic solutions to societal problems.

    Richard’s fascination with electrical engineering can be traced back to his childhood.

    He said: “I’ve always been interested in electricals and engineering right from my childhood by carrying out basic repairs of engineering and electrical gadgets and appliances.” This early exposure to the intricacies of electrical systems fueled his ambition to pursue a career in engineering. However, it was his desire to create solutions that truly inspired him to enter the renewable energy field.

    “Power problems have always been in Nigeria, and I wanted to solve that problem for all Nigerians.

    Read Also: Nigeria should follow global standards in engineering education, says Omisore

    Richard’s efforts through Blizz Renewable Energy Empire Limited have significantly impacted various communities across Nigeria. The company has been involved in several community projects, including the provision of solar water pumps, streetlight installations, and innovative power solutions.

     “We’ve installed streetlights on major highways and byways in several cities, including Port Harcourt, Delta, Bayelsa, Edo States, Lagos, and Abuja. We even have an ongoing project in Jos,” he said.

    Transitioning into the nightlife industry, Richard opened Moblizz Empire Club and Lounge to cater to the entertainment needs of the people in Abraka and the surrounding Delsu environment. He believes that entertainment is a vital solution for boredom and depression, stating, “I wanted to make everyone experience happiness, in order to solve that problem.” His club has quickly become a hub for innovative lifestyle parties and exclusive services, providing a unique nightlife experience that resonates with the local community.

    Richard’s dedication to his dual ventures is further highlighted by his active participation in industry events. He has attended renewable energy summits and hospitality conferences, and his company has organized numerous renewable energy and solar training sessions for various individuals, companies, and installers. This commitment to education and training underscores his belief in empowering others to contribute to the renewable energy movement.

     Richard’s journey illustrates the power of passion and innovation in addressing pressing societal issues. Through Blizz Renewable Energy Empire Limited, he is not only transforming the energy landscape in Nigeria but also enhancing the nightlife experience through Moblizz Empire Club and Lounge. His story serves as an inspiring reminder of the impact that one individual can have in multiple sectors, ultimately striving to solve problems and bring joy to the lives of many.

  • AICL calls for collaboration on agriculture, renewable energy

    AICL calls for collaboration on agriculture, renewable energy

    The Abuja Investments Company Limited (AICL) is seeking collaborative partnerships between agricultural stakeholders, renewable energy experts, and the Nigerian Government to harness the vast investment potential that Abuja has to offer.

    The meeting follows the success of the inaugural Abuja Business and Investment Summit (ABIS 2024) and serves as a prelude to upcoming landmark events, including the Abuja Business & Investment Summit EXPO (ABISummit 2025), scheduled for October 21-25, 2025, at the newly renovated AICL International Conference Center. Additionally, an Investors Forum in London will take place on June 19, 2025, in partnership with the Diaspora Commission, to highlight investment opportunities in Abuja to European investors and Nigerians in the diaspora.

    Speaking at the roundtable, the Group Managing Director of Abuja Investments Company Limited(AICL),Ambassador Maureen Tamuno expressed profound gratitude to the Minister of the FCT, His Excellency Barr Nyesom Wike for his unwavering support and dedication to transforming Abuja’s economic landscape.

    Read Also: Experts urge Nigeria to attract investments, other for renewable energy growth

    She also expressed appreciation to sponsors, stakeholders and participants to have been instrumental in the success of the initiatives.

    She emphasized the importance of agriculture and renewable energy as key drivers of sustainable development, job creation, and economic diversification in the FCT. The discussions focused on strengthening partnerships to enhance food security, promote clean energy, and position Abuja as Africa’s leading investment hub.

    Dr. Tamuno underscored the importance of collective effort and cooperation among stakeholders to tap into Abuja’s investment opportunities, particularly in the areas of agriculture and renewable energy.

  • Experts urge Nigeria to attract investments, other for renewable energy growth

    Experts urge Nigeria to attract investments, other for renewable energy growth

    Nigeria must create a favorable business environment and attract the right mix of domestic and international investments to boost its renewable energy sector, experts have said.

    This was made known during a a legal and policy workshop workshop organised by Natural Justice, the Renewable Energy Association of Nigeria (REANO), and Just Energy Transition Africa (JETA).

    Speaking, Country Manager of Natural Justice Nigeria, Micheal Karikpo, emphasised the need for strong policies that support local manufacturing of renewable energy components for Nigeria and the broader West African region. 

    Karikpo noted that with the right regulatory frameworks, functional institutions, and stable policies, Nigeria could naturally mobilize investments for renewable energy.

     He described the country as being at an “energy crossroads,” pointing out that decades of energy crises have stifled businesses. 

    Read Also: FAO boosts business skills of veterinary paraprofessionals through training

    However, he highlighted recent policy reforms that, if well-implemented, could transform Nigeria’s energy security, drive economic growth, and expand access to electricity.

    He also addressed the global shift in renewable energy commitments, mentioning that while OPEC has encouraged African nations to tap into their oil reserves, Nigeria must explore alternative economic pathways that generate comparable revenue without the environmental damage associated with fossil fuels.

    Karikpo further urged civil society organisations to engage more actively with the government.

    “There is a real possibility for positive collaboration between communities, civil society, and policymakers. My biggest takeaway from this meeting is that the government is open to dialogue, and civil society must seize the opportunity to engage on issues of sustainable energy,” he said.

    Lagos State Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, highlighted Lagos’ investments in renewable energy across sectors, including street lighting, tertiary institutions, and hospitals.

     He added that the state is actively supporting grid-connected renewable infrastructure to enhance grid stability and lower electricity costs.

  • Top four ways to invest N1million in Nigeria in 2025

    Top four ways to invest N1million in Nigeria in 2025

    Deciding where to invest N1 million in 2025 requires a thoughtful, strategic approach. 

    As Africa’s largest economy by GDP and most populous country, Nigeria presents a diverse range of investment opportunities.

    With a rapidly growing services sector and frequently changing government policies, investment prospects can shift from promising to uncertain. 

    Whether you’re an experienced investor or just starting out, understanding these dynamics will help you make informed decisions and reach your financial goals.

    Here are several investment opportunities in Nigeria for 2025 that show strong potential for solid returns.

    1. Equities

    Experts suggest that the best way to invest N1 million in 2025 would be in stocks from the oil and gas sector, as well as the insurance sector. These industries have shown remarkable resilience and positive returns despite challenging economic conditions. However, it’s important to remember that no investment is ever completely risk-free.

    2. Renewable Energy

    Read Also: NADF committed to transforming agriculture in Nigeria —Executive Secretary

    With frequent power grid failures across the country, Nigerians are increasingly looking for alternatives that offer a reliable power supply. Investing in renewable energy—particularly in solar panel manufacturing, installation, and maintenance—presents a viable opportunity to meet this growing demand for uninterrupted power.

    3. Financial Services

    As Nigeria’s population grows, there is a noticeable shift toward more accessible financial services, particularly in rural areas and among the less literate. The financial services sector, especially digital banking, micro-lending, and Point of Sale (POS) businesses, is a promising investment avenue for 2025. These sectors offer relatively low-risk opportunities and can be pursued with an investment of N1 million, making them attractive options for those interested in financial technology advancements.

    4. Agriculture

    Agriculture remains one of Nigeria’s most promising investment opportunities, attracting both local and international investors. Key areas include crop farming (such as cocoa cassava, maize, soybeans, rice, and palm oil), poultry, aquaculture, and livestock farming. The high demand for these agricultural products, both locally and internationally, makes them a solid investment, promising returns even amidst economic difficulties or changing government policies.

  • Experts champion decentralised renewable energy to close Nigeria’s power divide

    Experts champion decentralised renewable energy to close Nigeria’s power divide

    Stakeholders in Nigeria’s energy sector have called for the decentralisation of renewable energy systems as a key solution to the country’s power challenges, particularly for the 45% of Nigerians who remain off-grid.

    Drawing on nearly four decades of combined experience in energy value chains across Europe, North America, and Africa, the speakers stressed the need for collaboration, innovation, and long-term strategies to address Nigeria’s energy crisis.

    They made this call during a webinar hosted by Mosron Communications, themed “Stories of Power: Exploring Opportunities in Renewable Energy.”

    Chief Executive Officer and Co-Founder of SunFi, Rotimi Thomas, emphasised the importance of decentralised systems in resolving the nation’s energy bottlenecks. 

    He advocated for integrated resource planning that reimagines a collaborative energy model.

    He highlighted the possibility of scaling up by enabling customers to fund their own solar systems while the national grid powers critical infrastructure, thereby reducing costs and boosting efficiency.

    “Integrated resource planning is what you do to plan a grid. You can do it in a way that re-envisions a world where decentralised renewable energy systems work alongside the grid to reduce the cost of the required grid infrastructure. Customers can fund their own solar systems, while the grid powers the nation’s most critical infrastructure. In that way, you can scale up,” he said.

    Thomas, who has decades of experience in Nigeria’s energy market, also advised businesses to adopt a long-term perspective when entering the renewable energy sector.

    “There will be massive rewards unlocked for those who can run the distance. If you want to do business in this space, think long term. Have a motivation that goes beyond profit, run the marathon, and structure a sustainable business.” he added.

    Read Also: Reps urge FG to adopt use of renewable energy in MDAs

    He further noted that the push for decentralisation aligns with recent efforts by states like Lagos and Kano to establish electricity market laws under the Nigerian Electricity Regulatory Commission (NERC).

    Senior Policy Advisor on the Energy Transition Council, Ujunwa Ojemeni, described the emergence of state-level energy laws as a potential game changer.

    “Just having a clear process and direction—and eliminating the fragmentation and lack of coordination that require businesses to go through several organisations for registration—will be a big game changer,” Ojemeni said.

    She also underscored the untapped opportunities in Nigeria’s energy market for renewable energy companies.

    “Where there’s a big problem, there are always opportunities. If 45% of Nigerians do not have electricity, then the market is still untapped, and there are opportunities to create value,” she said.

    Ojemeni encouraged energy businesses to focus on specific sectors requiring targeted solutions. 

    “Combine your solar solutions with productive-use appliances or equipment that help those sectors.”

    Founder of Mosron Communications, Tolulope Olorundero, explained that the webinar was organised to explore the opportunities, challenges, and policies shaping Nigeria’s energy transition.

  • Reps urge FG to adopt use of renewable energy in MDAs

    Reps urge FG to adopt use of renewable energy in MDAs

    The House of Representatives has urged the Federal Government to immediately adopt the use of renewable energy solutions in its Ministries, Departments, and Agencies (MDAs) to reduce the expenditure on energy in the country’s annual Budget.

    The House mandated the Committee on Renewable Energy to ensure implementation.

    These resolutions followed the adoption of a motion titled, “Need for Utilisation of Renewable Energy in Ministries, Departments and Agencies of the Federal Government” sponsored by Hon. Esosa lyawe.

    The House noted that over the years, Nigeria has grappled with unreliable power supply and has long been dependent on fossil fuels, primarily oil and gas, for its energy needs, thus contributing to substantial operational costs and consequent financial strain for various sectors, including government Ministries, Departments, and Agencies (MDAs).

    It also noted that countries across the world have diversified into sustainable power sources which have proven to be cost-effective, more reliable, practical, safer, and sustainable.

    Read Also: ‘Renewable energy will boost economy’

    The House said it was aware that according to reports, about 60 GW of electrical power obtainable from renewable energy sources would enhance industrialization within the country to a very large extent.

    It was concerned that amid a failing economy, Nigeria faces a serious energy crisis with many of the power plants in government facilities dilapidated, obsolete, unreliable, and in a state of disrepair despite huge amounts budgeted annually for maintenance.

    It was also concerned that the reliance on diesel generators not only elevates operational costs and drains the nation’s financial resources, but contributes significantly to greenhouse gas emissions, thus undermining Nigeria’s commitments to reduce carbon emissions by 20% by 2030.

    The House said it was cognizant that utilisation of renewable energy would reduce operational costs, enhance energy security, and align with global climate commitments, hence the Federal government ought to take immediate steps to adopt the use of renewable energy, especially in the Ministries, Departments, and Agencies (MDAs) as well as schools.

  • FG to begin agric, automobile maintenance, renewable energy projects to empower Nigerians

    FG to begin agric, automobile maintenance, renewable energy projects to empower Nigerians

    …proposes establishment of council on humanitarian affairs and poverty reduction

    The federal government has disclosed plans to embark on three projects next year in January targeted at empowering Nigerians.

    The projects are agricultural innovations to empower millions of Nigerians in green farming and automobile maintenance, where youths will be trained and given starter packs, and renewable energy, where Nigerians will be trained on solar installations and other solar businesses.

    The Minister of State Humanitarian Affairs and Poverty Reduction, Dr. Yusuf Sununu, disclosed this during his courtesy visit to the Governor of Plateau State, Caleb Mutfwang.

    The Minister also said the Ministry is proposing to establish a Council on Humanitarian Affairs and Poverty Reduction in 2025.

    Dr. Sununu, in a statement by the Director of Information and Public Relations of the Ministry, Iliya Ishaku, said: “Presently, every state is handling humanitarian issues in different ways, and there is a need to have a coordinated approach. The only way is to have a Council that will draft a policy that will carry everybody along for everyone to have a sense of belonging”.

    Read Also: ‘Renewable energy will boost economy’

    He noted that Plateau state is one of the states that has suffered a lot of crises and displacement of people, and there is a need for the State government to establish the State Ministry of Humanitarian Affairs and Poverty Reduction to coordinate the Humanitarian Affairs and Poverty Reduction issues in the state.

    Dr Sununu told the Governor, who was represented by the Deputy Governor, Josephine Piyo, that he was in the state on an advocacy visit and to establish a good working relationship between the Ministry and the state government.

    “There is a need for collaboration between the Ministry, State Governments and International Partners to pull resources together to impact the lives of the Internally Displaced Persons, Refugees, vulnerable persons and persons of concern”.

    He also handed over relief materials to IDPs and flagged off the harvest of the Renewed Hope Agricultural Empowerment Project for IDPs (REHAEPI), sponsored by the National Commission for Refugees Migrants and Internally Displaced Persons (NCFRMI).

    “It will serve as a stop-gap, as the IDPs are disengaged and resettled in their communities, they have skills and what they can rely on”.

    The governor of Plateau State appreciated President Bola Tinubu and his wife for showing care and love for vulnerable citizens in the country and for the appointment of the Minister of Humanitarian Affairs and Poverty Reduction, Prof Nentawe Goshwe Yilwatda, who is an indigene of the state.

    The governor while acknowledging that the state has a lot of displaced persons, promised the collaboration of the state with the Ministry to ensure all the programmes of the Ministry succeed in Plateau State.

  • ‘Renewable energy will boost economy’

    ‘Renewable energy will boost economy’

    A group, Consumer Advocacy and Empowerment Foundation (CADEF), has identified renewable energy as the best alternative for small, medium enterprises (SMEs) to leverage to transform the economy.

    Its Executive Director, Prof Chiso Ndukwe-Okafor who spoke with reporters in Lagos during the unveiling of the Distributed Energy Resources (DER) platform—a comprehensive one-stop hub designed to empower Nigerians with the tools and knowledge needed to embrace clean energy solutions, also said there is need for accessible accurate information about renewable energy systems such as solar panels, batteries, and charge controllers.

    The DER platform, she said aligns with Nigeria’s Vision 30:30:30, which aims to generate 30,000 megawatts (Mw) of electricity by 2030, with 30 per cent sourced from renewable energy. The DER platform provides practical resources, including a solar energy calculator, policy guidelines, financing options, and a verified directory of installers and resellers. It aims to address critical knowledge gaps and drive the widespread adoption of renewable energy across Nigeria, from bustling urban centers to underserved rural areas.

    Prof Ndukwe-Okafor identified education as a cornerstone of Nigeria’s renewable energy transformation.

     “The state of electricity in Nigeria is no secret—demand far outstrips supply, and rural areas suffer the most. Beyond adoption, we must prioritize education and training to enable young Nigerians to maintain and manufacture renewable energy systems. This requires a complete overhaul of our educational curriculum to integrate renewable energy technologies,” she said.

    Prof Ndukwe-Okafor also underscored the importance of financial support and government incentives in scaling renewable energy adoption. “The DER platform lists institutions offering loans for clean energy projects, but this is just one part of the puzzle. The government must eliminate tariffs on renewable energy imports and provide tax incentives for businesses adopting these technologies,” she said.

    Read Also: 23 surprising facts about Tinubu’s Tax Reform that could change everything

    CADEF’s commitment to renewable energy extends beyond the DER platform. Its Green Labs Incubation program, developed in collaboration with Jacobs Ladder, focuses on equipping young Nigerians with the skills to innovate in the renewable energy space. To date, the program has trained over 80 participants, emphasizing entrepreneurship, financial literacy, and sustainable business practices

     “Our goal is to nurture self-reliant individuals who not only sustain themselves but also create jobs and contribute meaningfully to Nigeria’s green economy,” Ndukwe-Okafor said.

    CADEF envisions a future where Nigeria shifts from dependence on imported energy solutions to becoming a leader in local production and export. Ndukwe-Okafor stressed that a thriving renewable energy sector would boost industries, manufacturing, and Nigeria’s competitiveness on the African continent.

    She encouraged young Nigerians to seize emerging opportunities in renewable energy, citing fields such as artificial intelligence, blockchain, and sustainable energy as areas ripe for innovation and economic growth.

    With the DER platform and initiatives like Green Labs Incubation, CADEF is taking a decisive step toward building a self-sustaining, energy-secure Nigeria that aligns with the country’s Vision 30:30:30.

  • Religious leaders urge fair, just transition to renewable energy 

    Religious leaders urge fair, just transition to renewable energy 

    Leaders from various faiths have called for a fair and just transition to renewable energy sources.

    This demand was part of the outcomes of a two-day national dialogue titled Nigeria Multi-Faith Leaders National Consultative Dialogue on Medium and Long-term Climate Goals, held at the Barcelona Hotels in Abuja. 

    The dialogue was organised by GreenFaith Nigeria in collaboration with Ecosteward and Humanitarian Foundation (ETF), The Kukah Centre (TKC), and Al-Habibiyyah Islamic Society.

    GreenFaith is an interfaith coalition for the environment founded in 1992. It works with places of worship, religious schools, and people of all faiths to help them become better environmental stewards. 

    GreenFaith’s mission is to inspire, educate, and mobilise people of diverse religious backgrounds for environmental leadership.

    The leaders, comprising Christians, Muslims, Hindus, and Traditionalists, held in-depth conversations on the role of religion in addressing climate change. 

    They debated views and positions to produce a communique containing collective demands from the government, international oil companies, insurance companies, and others.

    At the conclusion of the dialogue on Tuesday, leaders of the different faiths took turns reading the communique as a symbol of unity and determination to achieve the goals set for the country.

    The leaders who read the communique included: Muhammad Nurayn Ashafa, Co-Executive Director, Interfaith Mediation Centre; His Grace Salika Dasa, Hare Krishna; Rev. Sis. Lilian Chibiko, GreenFaith Africa Women of Faith in Energy; Sheikh Khalid Muhammed Nuru, Al-Habibiyyah Islamic Society; Pastor James Wuye, Interfaith Mediation Centre; and Chief St. Emma Pii, Bodo Council of Chiefs, Bodo Rivers State.

    “We call for an immediate halt to all new fossil fuel exploration and extraction projects in Nigeria. Just as Proverbs 21:3 tells us, ‘To do righteousness and justice is more acceptable to the Lord than sacrifice,’ we recognise that continuing fossil fuel exploration is incompatible with our commitment to climate justice due to its adverse effects on communities and the global need to limit warming to 1.5°C,” part of the demand reads.

    In the communique, they described decades of oil exploration in Nigeria as largely exploitative, “due to exploitation by European, North American, and Chinese extractive firms—financial institutions and national governments—combined with weak regulatory, legal, and financial systems that promote corruption.”

    They noted that “over 85% of fossil fuels produced by Africa-based projects are exported, thereby failing to increase the continent’s energy access rates. 

    However, fossil fuel exploration often exacerbates climate change and social inequalities, leading to land grabs, biodiversity loss, environmental pollution, displacement, loss of livelihoods, conflicts, health complications, human rights violations, and abuse. Hence, we demand locally-owned, accessible, affordable, clean renewable energy initiatives.”

    As a form of mitigation, the leaders called for global collaboration to support vulnerable communities in coping with the unintended consequences of the energy transition. They highlighted that industrialised nations built their economies on fossil fuels extracted from Nigeria and other developing countries.

    They also pledged to work with media organisations and the National Orientation Agency (NOA) to achieve the goals set forth.

    “We call on the Global North, whose industrialisation has contributed the most to the climate crisis, to honour their commitments to climate finance. This support is critical for Nigeria and other developing nations to invest in green energy and climate resilience. Global North governments, corporations, and financial institutions have all invested heavily in extracting fossil fuel wealth from our country. They must now invest in empowering Nigeria to build its renewable energy future.

    “We recognise the necessary role the media and the National Orientation Agency can play in this cause. We therefore passionately seek the support of the media and NOA in driving the just transition agenda in Nigeria,” they said.

    At the conclusion of the event, Pius Oko, GreenFaith Africa’s Program Manager, said the gathering aligns with his organization’s mission of organizing and mobilizing grassroots communities to address social issues.

    “The workshop brought together diverse faith communities, united in their commitment to amplify a shared call against fossil fuel and deforestation projects, as well as related financing, while supporting a just transition to renewable energy solutions. This aims to shape a sustainable future for Nigeria and Africa—one that respects human dignity, honors our communities, cares for our planet, and upholds justice.

    “Today’s dialogue serves as a powerful moment to unite our diverse voices, strengthen our resolve, and chart a path toward a just transition from fossil fuels to an equitable, renewable future for our nation,” he said.

  • Group to co-organise special session on renewable energy in Tunis

    Group to co-organise special session on renewable energy in Tunis

    …proposes NDDC boss for Africa Solar Industry Award 2024

    Ngalasi Centre for Cohesion and Development (NCCD), a non-profit organisation based in Port Harcourt is set to co-organise a session on the future of renewable energy development in Nigeria during the Renewable Energy Africa Forum to be held in Tunis on the 6th and 7th of November.

    In a message made available to journalists, the programme officer of Energy and Blue Economy, Ms Esther Effiong explained that the session will attract prominent stakeholders including Ministers, State Governors as well as investors, financiers, regulars, private sector operators, and influential decision-makers in the energy sector.

    This session will be organised on the sidelines of the Renewable Energy Africa Forum (REFA)

    REFA is an event dedicated to promoting and supporting investments in renewable energy in the African continent.

    The third edition of the conference is convened by the Africa Solar Industry Association (AFSIA) in partnership with the International Energy Transition Exhibition (SITE) under the patronage of the Tunisian Ministry of Industry, Mines and Energy with the support of Germany, Norway, the Netherlands, Sweden and Austria plus GET.invest, a European program that aims to mobilize investments in the renewable energy sector.

    Read Also: itel energy enters Nigeria’s renewable energy market with new solar solutions

    Furthermore, the Centre disclosed that it has put forward Dr. Sam Ogbuku, Managing Director and CEO of the Niger Delta Development Commission to be considered for the Africa Solar Industry Award.

    The Africa Solar Industry Awards will be held to recognize and celebrate exceptional talents and achievements in the African solar market. AFSIA Solar Awards will go to companies and individuals who have contributed to promoting and advancing the use of solar across Africa.

    According to Ngalasi Centre, the name of the NDDC was put forward for the Life Achievement Category of the award.

    The proposed award is expected to recognise and applaud the transformative efforts of NDDC led by Ogbuku in deploying the use of solar products especially solar street lighting across many communities in the Niger Delta region of Nigeria. Shortlisted nominees will be voted on by the public in the first week of October.