Barely a week after the Federal Government unveiled the National Integrated Electricity Policy (NIEP) and Integrated Resources Plan (NIRP) to accelerate energy transition goals, it has emerged that Nigeria’s energy transition policy is facing a serious funding gap to the tune of N11.4 trillion.
To combat this financial threat, stakeholders, including the leadership of the National Assembly and the United Nations Industrial Development Organization (UNIDO), have called for concerted efforts to engage the private sector for meaningful collaboration that attracts the needed investment.
The Development Bank of Nigeria (DBN), through its head of strategy and policies, Jeremy Dan-Okayi, at a consultative session in Abuja, reviewed funding opportunities for industrial development as contained in the energy transition plan and submitted that no less than an N11.4 trillion funding gap is a real challenge.
The…
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