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Home Companies & Markets

Nigeria Signs Agreement With International Solar Alliance

by Caleb Owaise
3 weeks ago
in Companies & Markets
Reading Time: 2 mins read
Nigeria Signs Agreement With International Solar Alliance
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The federal government has signed a comprehensive Country Partnership Framework (CPF) with the International Solar Alliance (ISA).
Mr Bolaji Tunji, the Special Adviser on Strategic Communication and Media Relations to the minister of power made this known in a statement in Abuja.
Tunji said the agreement was formalised by the minister of power, Mr Adebayo Adelabu, and ISA director-general, Mr Ashish Khanna, at the Alliance Seventh Regional Committee Meeting for Africa held in Accra.
He said the event brought together African governments, development partners, and financial institutions to chart a common pathway for expanding solar energy adoption across the continent.
‘”The partnership establishes a robust three-year action plan to accelerate Nigeria’s solar energy adoption, focusing on key areas like advocacy, capacity building, and programmatic support.
”The key initiatives of the partnership include scaling up solar applications in agriculture, promoting rooftop solar installations, deploying mini-grids, and establishing a Solar Technology and Application Resource (STAR) Centre.
”A cornerstone of the framework is the creation of a 500 million dollars DRE Nigeria Fund, designed to catalyse investment in distributed renewable energy projects and backed by enhanced regulatory support from the ministry of power,” he said.
Adelabu said the partnership was more than light, adding that it was about powering development.
“Decentralised renewable energy solutions are not merely about providing light to households, they are about unlocking development, powering schools and clinics, energising small and medium enterprises, supporting agricultural processing.
“Driving e-mobility, and opening opportunities for digital inclusion in rural communities.

“Every mini-grid and solar system deployed means a child can study, a clinic can function, an entrepreneur can thrive, and a farmer can irrigate his fields,” he said.

Adelabu said the partnership was also the transformational promise of renewable energy for Africa.

According to him, the signing, also saw Ghana and the Gambia enter similar agreements, which signals a powerful wave of regional cooperation.

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He said by placing solar energy at the heart of its national strategy, Nigeria is decisively advancing toward a more sustainable, inclusive, and climate-resilient economy.

 

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