Minister of Power, Adebayo Adelabu, announced that Nigeria is dedicated to achieving universal energy access by 2060, with a near-term objective of generating 30GW of grid energy supply by 2030.
Adelabu made this declaration during the China-Nigeria Economic Cooperation and Trade Conference held in Beijing, China. He emphasized that Nigeria is focused on diversifying its energy sources and expanding its capacity to meet growing demands while enhancing energy infrastructure to foster sustainable development.
“In Nigeria, we are committed to achieving universal energy access by 2060, with a short-term target under our Vision 30:30:30 to attain 30GW of grid energy supply with a 30 per cent renewable energy mix by 2030, and a long-term goal of universal energy access.”
Adelabu emphasized that these targets present an opportunity for further partnership between the Chinese investment community and the Federal Republic of Nigeria to increase the penetration of cleaner and more sustainable energy solutions.
“To achieve this objective, the Federal Government of Nigeria has implemented a multi-pronged approach designed to tackle issues across the Nigeria Electricity Supply Industry value chain and set the sector on a path to recovery and prosperity,” he said.
The minister outlined measures put in place to achieve these targets, including streamlining legislative and policy processes, leveraging public and private funds, embracing technology and innovation, and fostering strategic partnerships.
Adelabu added, “I believe this Nigeria-China Economic Forum presents a great opportunity for us to firm up our existing areas of collaboration and explore additional opportunities for shared prosperity.”
