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Govt improving on energy outlook to achieve net-zero, says Aliyu

By Kingsley Jeremiah, Abuja
07 September 2022   |   3:10 am
Minister of Power, Abubakar Aliyu has said the Federal Government is working hard on an energy outlook that will allow Nigeria to achieve the projections of net-zero.

Minister of Power, Abubakar Aliyu has said the Federal Government is working hard on an energy outlook that will allow Nigeria to achieve the projections of net-zero.

Aliyu also disclosed that many investment opportunities still exist in the Nigeria Electricity Supply Industry, adding that the commitment by President Muhammadu Buhari at the Conference of Parties’ 26th yearly summit (COP26) in Glasgow to achieve Net Zero Carbon Emission by 2060 remain on track.

Aliyu disclosed in Abuja that structures are being put in place to increase the opportunity for investment in Gas-to-Power and other gas related projects.

Speaking at the Nigeria-India business forum holding, Aliyu said: “We are putting in all these efforts to ensure that timely Return on Investments (ROI) is realised. Let me emphasize that the Nigerian Electricity Supply Industry (NESI) is young with many investment opportunities.”

Speaking further on efforts of the Buhari led administration, the Minister said the Power Sector, like most other sectors, has suffered many years of neglect resulting in the sorry-state of its infrastructure but several efforts have been put in place to create the enabling environment by retooling of policies, initiation of programmes that are geared towards attracting the right investment and boosting investor confidence.