FG seeks Egypt’s experience to spice up energy sector



FG seeks Egypt’s experience to spice up energy sector

The Federal Govt has sought Egypt’s backup in boosting Nigeria’s energy month, transmission, and distribution, leveraging the North African community’s experience to power important enhancements within the power sector.

The Minister of Energy, Adebayo Adelabu, made the request throughout a gathering with the Egyptian Ambassador to Nigeria, Mohammed Fouad, in Abuja.

Adelabu, in a commentary signed through his Particular Abettor on Strategic Communications and Media Members of the family, Bolaji Tunji, on Sunday, stated the journey aligns with President Bola Tinubu’s Renewed Hope time table, which prioritises electrical energy as a basic proper for all Nigerians.

In line with him, Nigeria’s passion in finding out from Egypt stems from the good fortune recorded in earlier engagements with Siemens to stabilise the community’s energy sector.

The assembly between Adelabu and Fouad centred on nourishing bilateral cooperation in power enlargement, in particular in renewable power and rural electrification.

“Egypt has made remarkable strides in energy transformation, and we are eager to collaborate and learn from your expertise. Our goal is to ensure reliable, stable, and affordable energy access for all Nigerians,” Adelabu stated.

He counseled Egypt’s achievements within the power sector, describing the rustic as a type for power infrastructure building.

The minister additionally highlighted Nigeria’s ongoing efforts to amplify electrical energy get entry to in far off gardens via renewable power tasks, mentioning the commercial demanding situations of extending the nationwide grid to such areas.

“Many rural areas cannot be connected to the grid due to economic constraints, but we cannot neglect them. Through our renewable energy programme, we are bridging this gap. We have secured significant investments, including $750 million from the World Bank’s DARES project and an additional $190 million from the Japan International Cooperation Agency, to support this initiative,” he said.

Adelabu famous that Nigeria has giant renewable power sources, together with sun, breeze, and hydro, and reaffirmed the federal government’s constancy to harnessing them for sustainable energy provide.

Offering an replace on traits within the energy sector since assuming workplace 17 months in the past, the minister stated ongoing demanding situations similar to grid reliability, getting old infrastructure, and metering gaps.

He stated the federal government is tackling those problems via tasks just like the Presidential Metering Initiative, geared toward making sure extra Nigerians have get entry to to strong electrical energy.

In reaction, Ambassador Fouad expressed Egypt’s readiness to collaborate with Nigeria, in particular in terminating the metering hole and sharing very best practices in power get entry to.

“Nigeria and Egypt have much in common, and there is immense potential for collaboration in the energy sector. We are committed to working together to achieve sustainable energy solutions for both countries,” Fouad stated.

Week commending Adelabu’s efforts in increasing energy get entry to throughout Nigeria, particularly via renewable power initiatives, the envoy stated Egypt used to be additionally expanding its renewable power contribution from 14 consistent with cent to 42 consistent with cent and was hoping to be informed from Nigeria’s revel in.

“I wish to commend you in your efforts within the energy sector, which might be ocular all over. Nigeria and Egypt had a Memorandum of Figuring out on energy initiatives, and we must turn on it.

“We can start by holding virtual meetings and exchanging ideas to identify areas of cooperation because power expansion, especially in renewable energy, requires ambitious planning. Like Nigeria, we are blessed with solar and wind resources and need cooperation in this area. We look forward to your visit for further discussions,” Fouad stated.

The commentary famous that the assembly underscored the deepening partnership between Nigeria and Egypt in advancing power get entry to and renewable power building, with each international locations prepared to harness their shared sources for mutual enlargement. It

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