The Federal Government of Nigeria has reiterated its commitment to expanding renewable energy in the country, inviting both local and international investors to participate in strategic projects aimed at promoting sustainable power generation.
Senator George Akume, Secretary to the Government of the Federation (SGF), made this declaration during a meeting with a delegation from KF Manufacturing Company, based in Guangzhou, China, led by its Managing Director and Chief Executive Officer, Mr. Bruce Zheng.
The discussion, held in Abuja, centered on enhancing Nigeria’s energy security and accelerating the adoption of clean energy technologies.
According to Akume, renewable energy is a critical pillar in President Bola Ahmed Tinubu’s economic recovery and sustainability agenda.
“The Federal Government is opening its doors to genuine local and foreign companies with the capacity and technology to drive renewable energy projects across the country.
This partnership will go a long way in promoting efficient power to people, industries, and domestic uses,” he stated.
The SGF emphasized that Nigeria is working to create a favorable business climate by addressing regulatory bottlenecks and reducing barriers to investment.
Among the key reforms highlighted were the abolition of multiple foreign exchange systems and the elimination of excessive taxation on renewable energy projects, which are intended to lower operational costs and encourage private sector participation, especially from small and medium-scale enterprises.
“By creating a conducive environment for investment, we are signaling to global and local investors that Nigeria is serious about clean energy and sustainability,” Akume added.
Mr. Zheng, representing KF Manufacturing, highlighted the urgency of adopting renewable solutions in government and institutional operations.
He revealed that the company supplies eco-friendly, green-compliant solar panels, batteries, and inverters.
Zheng emphasized that these solutions are essential not only to reduce reliance on fossil fuels but also to protect the environment and address Nigeria’s growing electricity deficit.
“Our goal is to work hand in hand with the Nigerian government to expand access to safe, affordable, and clean energy solutions,” Zheng said.
“We are ready to deploy cutting-edge technology and expertise to strengthen Nigeria’s renewable energy infrastructure.”
The collaboration aligns with Nigeria’s broader energy strategy, which seeks to diversify power sources beyond oil and gas while addressing climate change challenges.
Renewable energy initiatives are expected to accelerate rural electrification, support industrial growth, and increase household access to reliable electricity.
Recent reports indicate that while Nigeria has made strides in solar adoption, much of the public sector remains reliant on conventional grid and fossil fuel solutions.
Analysts say that scaling renewable energy infrastructure through public-private partnerships could significantly improve energy efficiency, reduce carbon emissions, and create thousands of jobs.
The Federal Government has also launched complementary initiatives, including a $190 million loan facility with the Japan International Cooperation Agency (JICA) to support renewable energy projects and infrastructure across the country.
These efforts are designed to attract foreign capital, stimulate local industry, and promote innovation in energy technologies.
Experts argue that encouraging both foreign and local investment in renewable energy could place Nigeria at the forefront of Africa’s energy transition, boosting competitiveness in the continental market and fostering a resilient, low-carbon economy.
By combining regulatory reforms, strategic partnerships, and access to advanced renewable technologies, Nigeria aims to create a sustainable energy ecosystem that benefits citizens, businesses, and the environment.
As Akume concluded, “Nigeria is ready to lead in renewable energy development. Our doors are open to investors who share the vision of a clean, prosperous, and energy-secure nation.”
With this initiative, Nigeria is poised to leverage international expertise and local innovation to meet its ambitious energy targets, expand access to power in underserved regions, and cement its position as a leader in Africa’s clean energy revolution.