The European Union (EU) and Germany have launched a country window initiative aimed at financing renewable energy solutions in Nigeria.
The initiative, launched on Tuesday in Lagos, seeks to accelerate investments in renewable energy solutions by unlocking finance for sustainable energy projects and businesses tailored to Nigeria’s energy landscape.
According to Inga Stefanowicz, the team leader for green and digital economy at the EU delegation to Nigeria and ECOWAS, the EU remains committed to supporting Nigeria’s energy transition and sustainable economic growth.
“Reliable electricity is essential for economic development, and unlocking finance for renewable energy solutions is a critical step toward bridging Nigeria’s energy access gap,” he said.
Mr. Temitope Dina, the Permanent Secretary at the Federal Ministry of Power, said Nigeria is committed to a cleaner and more sustainable future.
“With the right investments, policies and technologies, we can create a cleaner, greener and more resilient energy system,” he said.
“This transformation is not just a goal; it is a necessity for ensuring energy access for all Nigerians, reducing our dependence on fossil fuels, and enhancing our environmental stewardship.”
The initiative will be implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and will closely cooperate with other donor-funded initiatives in Nigeria.
Weert Börner, consul general at the German consulate in Lagos, reiterated Germany’s commitment to Nigeria’s clean energy transition, noting that “Germany is proud to co-fund GET.invest Nigeria as part of our broader partnership with Nigeria in fostering sustainable economic development.”
Mr. Lawrence Edeke, GET.invest Nigeria coordinator, underscored the role of the initiative in mobilizing investments for Nigeria’s renewable energy sector.
“GET.invest Nigeria is not a silver bullet, but it is an essential part of the solution to scaling up investments in the renewable energy sector.”
The initiative will also provide market intelligence, industry mobilization, and capacity development support to local stakeholders.
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