Advisors ReportsAdvisors Reports
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: REA, CPPE, NAEC identify investment, actions as key drivers of Nigeria’s green economy sustainable future  
Share
Sign In
Notification Show More
Font ResizerAa
Advisors ReportsAdvisors Reports
Font ResizerAa
Search
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
ConcessionDistributionDocumentaryEnergy TransitionFinanceGenerationGreen FinanceImpactNewsPowerRenewablesReviewSustainabilityTechnology

REA, CPPE, NAEC identify investment, actions as key drivers of Nigeria’s green economy sustainable future  

Admin
Last updated: July 25, 2024 8:10 pm
Admin
Share
5 Min Read
SHARE

 

Michelle Savage

Abba Aliyu, Acting Managing Director/CEO of the Rural Electrification Agency (REA), Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, and Ugochukwu Amadi, National Chairman of the Association of Energy Correspondents of Nigeria (NAEC), have emphasized the critical need for collaborative efforts in transitioning to renewable energy.

They also highlighted that investments in technology, infrastructure, efficiency, and community engagement will ensure a resilient and sustainable future for Nigeria.

This was part of the observations raised by the Keynote Speakers on the theme: “Green Economy, Sustainable Growth and Infrastructure Transformations,” during The Oriental News 2024 Summit, held in Lagos on Thursday.

Abba Aliyu, Acting Managing Director/Chief Executive Officer of the Rural Electrification Agency (REA) of Nigeria, in his address, emphasized Nigeria’s pivotal moment to harness its abundant renewable resources to improve the livelihoods of its citizens.

Ugo Amadi, National Chairman of NAEC, receives award at Oriental News Summit in Lagos

According to the REA boss, the path to a sustainable energy future requires a collective approach from all stakeholders, including the government, private sector, and community.

Aliyu who was represented at the event by Engr. Dolapo Boyejo, said, “We must invest in renewable energy technology, strengthen our grid infrastructure, and promote efficiency.”

Aliyu therefore outlined the REA’s initiatives, including the Energizing Education Programme, now in its second phase, which aims to provide a minimum of 1 megawatt of power to universities.

He also emphasised the importance of capacity building, skills, and knowledge transfers necessary for participating in the green economy being built for the future.

“Let us come together to do our part in building a resilient and environmentally sustainable future,” the Acting REA MD urged.

Addressing the challenges faced by the private sector in renewable energy investments, Aliyu mentioned the ongoing $750 million World Bank grant.

“The idea is to partner with the private sector to disburse funds for the implementation of power to underserved and unserved electricity customers in Nigeria,” he said.

Aliyu further highlighted the problem where some private entities collect grants but fail to invest in the intended projects, emphasizing the need for accountability.

Dr. Muda Yusuf, Chief Executive Officer of the Centre for the Promotion of Private Enterprise, CPPE, in his keynote address, stressed that Nigeria should not be left behind in the global shift towards sustainable energy and energy transition.

He stated, “Our actions and activities have implications for sustainability. It is a subject characterized by multiple engagements and is a multi-sectoral issue.”

Yusuf acknowledged the economic concerns of citizens, such as inflation, but emphasized the necessity of preserving the economy for the present and future.

“We need to deepen our sustainability mindset and think about tomorrow,” he asserted.

He highlighted the global business community’s embrace of Environmental, Social, and Governance (ESG) principles as crucial to business models, noting that sustainability metrics are now essential alongside profit.

Dr. Yusuf called on all stakeholders to hold businesses and governance accountable for corporate responsibility and sustainable practices, underscoring the collective responsibility to drive policy and action towards achieving sustainability objectives.

Ugochukwu Amadi, National Chairman of the Association of Energy Correspondents of Nigeria (NAEC) in his keynote address emphasised the role of energy correspondents in Nigeria, community engagement, and actionable plans in promoting a sustainable future for the country.

The NAEC Chairman said, “Correspondents are dedicated to encouraging a climate and sustainable future that addresses global challenges.

He called on the government to create enabling infrastructure and green policies for sustainable climate resilience and adaptation.

Amadi stressed the need for community engagement in achieving food security and a green economy.

“We should go beyond theory and consider practicable steps that Nigeria needs to develop a green economy for shared wealth,” he urged.

The NAEC Chairman emphasized that Nigeria stands at a critical juncture in every sector of the economy and must seize opportunities to secure a sustainable future for the next generation and the commonwealth.

President Tinubu reconstitutes 15-Man NEITI Board, appoints Akume as Chairman, NNPC GCEO, FIRS Chairman others as members
Gov Aiyedatiwa of Ondo assures completion of 30 MW tri-fuel power plant in Ore after 12-year delay
NNPC raises petrol price to ₦998 in Lagos, ₦1,030 in Abuja, ₦1,075 in S-S, as downstream deregulation takes hold
NUPRC dismisses Dangote Refinery’s allegations of weak enforcement of Domestic Crude Supply Obligation
Axxela’s Pioneer GCEO, Bolaji Osunsanya, retires; Board names Ogbemi Ofuya as new GCEO

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
Previous Article Dr. Agama, DG SEC announces Nigeria’s plan to launch third green bond in September 2024, 5 years after
Next Article Adegbemle, PowerUp Nigeria urges REA, others to share data, optimize green funding utilization
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad imageAd image

Latest News

Tinubu appoints Buhari’s former SSA as Chairman of PCNGi
Downstream Gas Midstream News Upstream
June 27, 2025
NNPC Ltd. uncovers coordinated campaign to discredit new leadership, derail ongoing reforms
Downstream Midstream News Upstream
June 27, 2025
Osagie Okunbor retires after 39-yrs of inspiring leadership, driving Shell’s deep-water, integrated gas growth
Documentary Gas Impact Local Content Midstream News Oil & Gas Special Project Upstream
June 27, 2025
Heirs Energies, Renaissance Africa commit to strategic alliance to boost Nigeria’s oil, gas sector
News
June 25, 2025
Follow US
© 2022 AdvisorsReports. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?