Business Journal


Nigeria Power Council Adopts Sustainable Energy Agenda

The Nigeria National Council of Power (NACOP) has adopted the country’s Sustainable Energy for All (SE4All) Action Agenda during its 2nd edition that took place in Kaduna City from 11 to 15 July, 2016.

The executive session of the NACOP on 14 July gathered ministers, policy makers from the national and state levels, members of the national assembly, representatives of development partners and the private sector, as well as other major stakeholders in the power sector. The NACOP was organised by the Ministry of Power, Works and Housing under the theme: Achieving incremental, then stable, then uninterrupted power.

The Action Agenda is an umbrella energy sector development document and constitutes a national response to the Sustainable Development Goal (SDG) number 7 on energy adopted in September 2015 by the UN General Assembly that strives to “ensure access to affordable, reliable, sustainable and modern and energy for all.”

In addition to the Action Agenda the NACOP adopted the National Renewable Energy and Energy Efficiency Action Plans and unveiled the national power sector investment catalogue. The African Development Bank in its capacity as host of the SE4All Africa Hub collaborated closely with Nigeria on this process.

The Minister of Works, Power & Housing, Babatunde Raji Fashola, underscored that contrary to old plans, the plans adopted are practical with easy to follow steps to implement.

He further highlighted Nigeria’s commitment to a 30% target of renewable energy in terms of electricity generation by 2030.

Daniel-Alexander Schroth, the SE4All Africa Hub Coordinator, highlighted the importance of the Action Agenda and the African Development Bank’s increased commitment to the energy sector under the New Deal on Energy for Africa.

He further underscored that the Bank has responded favorably to a request from the Government of Nigeria to provide technical assistance support for the development of the Nigeria SE4All Investment Prospectus in collaboration with the ECOWAS Centre for Renewable Energy and Energy Efficiency and the European Commission with a view to mobilise investments from the public and private sectors.

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