Ogun – Nigeria – gets $150m investment on renewable energy

The Ogun State government has said it hopes to attract investments worth over $150m (N23.55bn) into its alternative energy programme from foreign providers.

The state said it had already confirmed the interest of 10 foreign investors and would have them showcase various alternative options at the 2012 Nigeria Alternative Energy Expo.

Addressing journalists on the development, the Special Adviser to the Governor on Energy, Chief Taiwo Fagbemi, said the state was creating a platform for all stakeholders to network and transfer knowledge and skills.

He said the state was committed to raising awareness and educating the public about climate change in Nigeria and Ogun State in particular, especially on the five cardinal point initiative of the Governor Ibikunle Amosun in the area of rural and infrastructural development.

According to him, conscious efforts are being made by the state to showcase local and international initiatives and technologies that are at the forefront of renewable energy and climate change resilience.

“These are targeted at mobilising Nigerians across all sectors to act on climate change in all aspects of their lives, and to create a platform for private organisations, government and non-government organisations to showcase alternative energy solutions and climate change initiatives and technologies,” Fagbemi said.

He said the government was committed to bridging the gap between investors and renewable energy project development, as well as to present the state as a conducive place for investment and confirm its readiness for business.

The special adviser added that the state was also providing the opportunity for committed investors to meet one-on-one with the governor.

Fagbemi said, “The Nigeria Alternative Energy Expo is designed to enable participants stay abreast of developments and highlight issues affecting the energy industry and further provide strategies, technologies and policies covering the wind, solar, biofuel, hydrocarbon, geothermal, ocean/tidal/wave, agriculture, environment, finance and hydrogen in Nigeria.

“We believe there is no other better time to be part of this exciting moment that the Nigerian government has pledged to deliver uninterrupted power through alternative energy.”

The state, he said, was partnering Mathesis Consulting for the expo, with strong commitment of PAX SA and Katika Energy Limited in Germany and Nigeria.

The event, which is slated for Abeokuta between October 29 and October 31, this year, will also feature an award ceremony tagged, ‘Nigeria Green Awards.’

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