The Federal Government has signed two Memorandum of Understanding, MoUs, with a Chinese Company, Mutual Commitment Company, MCC, limited on renewable energy.
This is contained in a statement issued by the Special Adviser on Strategic Communication and Media Relations to the Minister of Power, Bolaji Tunji, on Tuesday in Abuja.
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According to the statement, the MoUs were facilitated and signed in Beijing at the African-China Co-operation Summit by the Rural Electrification Agency, REA, an agency of the Ministry of Power.
Speaking at the event, the Minister of Power, Mr Adebayo Adelabu said that the MoUs signing was important and would go down as a memorable day for Nigeria.
He congratulated the REA and the National Power Training Institute of Nigeria, NAPTIN, for the achievement.
“The MoU will go a long way towards achieving Nigeria’s vision for the renewable energy sub-sector of the electricity sector value chain.
“I know Nigeria and China have lots of things in common, one of which is the high population of both countries.
“And countries with high populations have so much pressure. The first pressure is that of energy access and the second, is job creation. So when you take steps to achieve both, it is a thing of joy.
“I am particularly happy that this is happening during the tenure of President Bola Tinubu, as it is in line with achieving the Renewed Hope Agenda of the administration for the country, ” he said.
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According to the Minister, President Tinubu had prioritised the power sector as the driver of all other critical sectors of the economy and giving all the support to ensure that he delivered on his electoral promises.
He noted that energy access and expansion was the government’s major priority because nothing could be achieved without a strong, stable, functional and reliable electricity sector.
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