- Nigeria, Germany Seal Landmark Deal to Deepen Energy Transition Cooperation
- Germany Commits 21 Million Euros to Nigeria’s Energy Transition Programmes
- Adelabu announced that the partnership was already yielding tangible benefits
The Federal Government has signed a pivotal agreement with Germany to strengthen the technical foundations of Nigeria’s energy transition programme.
Eko Hot Blog reports that Mr. Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power, disclosed this in a statement issued in Abuja on Friday.
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According to Tunji, the milestone was achieved through a new Joint Declaration of Intent on Bilateral Energy Transition Dialogue and Cooperation, endorsed at the Working Group on Power, Energy and Climate held in Germany.
He noted that the working group emphasised the importance of strategic partnerships between Nigerian and German companies, highlighting the private sector’s role in advancing energy relations between both countries.
Tunji added that the two nations acknowledged the continued progress on the Presidential Power Initiative and expressed optimism about its future implementation.
The Minister of Power, Mr. Adebayo Adelabu, who represented Nigeria at the event, described the new Joint Declaration as a “game changer” for the country’s energy architecture.
“It moves our partnership with Germany beyond dialogue into the realm of concrete technical assistance, ensuring Nigeria receives the specialised expertise needed to build a robust, sustainable, and secure energy future for our people,” Adelabu said.
He explained that the enhanced cooperation complements the existing Nigerian German Energy Partnership, adding that both countries reaffirmed their shared commitment to renewable energy, energy efficiency, and long-term decarbonisation goals.
Adelabu also announced that the partnership was already yielding tangible benefits, revealing that Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) is providing an additional nine million euros in 2024 for the Nigeria Energy Support Programme (NESP).
He further disclosed that another twelve million euros has been committed to the newly inaugurated Energy Transition Challenge Fund (ETCF).
The minister welcomed these investments, noting that financial mechanisms such as the Green Line of Credit for Nigeria’s small and medium enterprises (SMEs) and private investment mobilisation through GET.invest would play a crucial role in accelerating Nigeria’s energy transition goals.
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