Nigeria and Egypt have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in the field of electricity and renewable energy.
The Egyptian Minister of Electricity Mohamed Shaker and his Nigerian counterpart Abubakar D.Aliyu signed the document according to a statement by the Egyptian ministry.
Through the MoU, the two countries will provide technical support for the electricity generation sector and the development of electricity transmission and distribution networks, and the transition to smart grid systems.
This is in addition to promoting new and renewable energy systems in the electricity sector.
This presents a substantial opportunity to develop the rich natural renewable energy resources of the country and unlock low-carbon growth.
Just recently the International Renewable Energy Agency (IRENA), developed a
Renewable Energy Roadmap for Nigeria in collaboration with the Energy Commission of Nigeria, ECN. and analyses the additional renewable energy deployment potential up to the year 2050, with an additional 2030 focus to aid shorter-term policy development.
The study encompasses all key sectors of the Nigerian energy system to provide additional context for energy policy discussions on how increased ambition in terms of renewable energy – beyond current government policy and targets – can be realised.
Renewable energy can help Nigeria not only meet its energy needs, but also power sustainable economic growth and create jobs while achieving global climate and sustainable development objectives.
The study was carefully designed to capture the realities facing the country and sharpen its focus on key challenges and opportunities facing the Nigerian energy system. The actions needed to realise this future are multi-faceted and include policy, regulatory and financial related actions to place Nigeria on the path to a transformative future.
