Tag: Renewable energy

H’Reps to probe $2bn renewable energy investment

Aminu Imam
H'Reps probe

The House of Representatives Committee on Renewable Energy has invited stakeholders to an investigative hearing on the $2bn renewable energy grants and investments in Nigeria. According to the Committee, the investment has not had a proportional impact on the nation’s energy security challenges. Recall that in July 2024, President Bola Tinubu disclosed at the ‘Africa Natural Resource and Energy Investment Summit’, which was held in Nigeria, that the nation had attracted over $2bn of investment in the sector in the past decade. Scheduled for tomorrow, Tuesday and Wednesday, the investigative…

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Nigeria-Germany Partnership: Tinubu witnesses signing of $500m renewable energy pact, gas export agreement

Aminu Imam

The burgeoning economic partnership between Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening, as two important agreements were signed between Nigerian and German businesses yesterday. Speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, President Bola Tinubu said that with a resilient democracy, Nigeria is well primed to attract foreign direct investments. The President witnessed the signing of two Memoranda of Understanding (MoU): One on the supply of gas from Nigeria to Germany, and another for $500 million worth of renewable energy projects in Nigeria.…

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