Connect with us

Business

UNIDO to boost electricity generation in Nigeria with $2.6m

Published

on

The nation’s electricity sector is set to receive a boost with the grant of $2.6m from Global Environment Facilities (GEF) of UNIDO, the Managing Director of UNIDO Programme Development and Technical Cooperation Division, Philippe Scholtes has said.

Scholtes gave this hint in Abuja over the weekend when he paid a courtesy visit to the Minister of Science and Technology, Dr Onu Ogbonnaya.

The fund, he said, will be used to boost small scale hydro power to ensure electricity get to rural areas in the country.

“We made the case; we obtained funding for $2.6m to help us demonstrate the small scale hydro power to power houses and factories in places that have not been reached by electricity,” he said.

The project, funded by Global Environment Facility Funds is meant to help countries address environment issues that can benefit the global communities, he said.

UNIDO, he said, would like to strengthen its relationship with the ministry to grow necessary areas that would contribute to the growth of the nation.

Read also: NSE LIVE! Equities sustain rally with N121b gain

“UNIDO will work to support inclusive and sustainable industrial development and also find a way to help Nigeria build green technology through skills development and innovation,’’ he said.

Responding, Ogonnaya thanked UNIDO for its contributions globally, including its gestures to Nigeria with the partnership to grow energy

RipplesNigeria …without borders, without fears

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now