Nigeria’s clean energy drive has received a boost with the launch of an innovation development programme aimed at strengthening investment in the sector.
The Federal Government has adopted a shift towards clean, renewable energy through increased investments in solar energy and other alternative source of electricity.
According to the Federal Government’s Energy Transition and Investment Plans, ETIP, Nigeria’s shift to domestic renewables is projected to generate USD 686.8 billion in fuel cost savings by 2060. However, the projection depends on infrastructure delivery as the ETIP targets 277 GW of total installed capacity and over 104,000 mini-grids by 2030.
The Innovation Ecosystem Development Programme, launched by an off-grid energy investment firm, All On, according to a statement made available to newsmen in Uyo, will provide support for clean energy startups and entrepreneurs in the country.
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The 12-month incubation and prototype development programme will provide technical expertise, hands-on development, access
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