The Federal Government on Tuesday signed two Memorandums of Understanding (MoU) with a Chinese Company, Mutual Commitment Company (MCC) limited on renewable energy.
Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power, Adebayo Adelabu, disclosed this in a statement on Tuesday.
He said the MoUs were facilitated and signed in Beijing at the African-China Co-operation Summit by the Rural Electrification Agency (REA), an agency of the Ministry of Power, in the presence of Adelabu and the Managing Director of REA, Mr Abba Aliyu.
He quoted the minister as having said that the MoUs were important and would go a long way towards achieving Nigeria’s vision for the renewable energy sub-sector of the electricity sector value chain.
The minister reiterated that President Tinubu has prioritised the power sector as the driver of all other critical sectors of the economy and giving all the support to ensure that he delivered on his electoral promises.
He noted that energy access and expansion was government’s major priority because nothing could be achieved without strong, stable, functional and reliable electricity sector.
“We have relied so much on centralisation of our power sector for so long that it is not taking us anywhere, as almost 40 per cent of Nigeria’s population lack access to energy with its attendant consequences. So moving away from centralisation, we have decided to adopt the distributed power model to ensure that every Nigerian has access to energy.
“A lot of our population resides in the rural areas, a lot of our institutions-educational and tertiary health institutions are isolated and they are still facing epileptic power supply,” Adelabu added.
