FG targets 50% expansion of renewable energy by 2020 —Osinbajo

THE Federal Government hopes to expand the nation’s utilisation of renewable energy by 50 per cent by the year 2020, Vice President Yemi Osinbajo has said.

Speaking while receiving a delegation led by the Indian High Commissioner in Nigeria, Mr. B. Nagabhushana Reddy, Professor Osinbajo, at the presidential villa, Abuja, on Thursday, he said: “We are doing some expandable work in solar energy adding about 1000MW of solar. We are looking at 50% reliance on renewable energy sources by 2020.”

Observing that the Buhari presidency was determined to improve access to electricity “for our people,” the Vice President added that solar was one of the options being actively considered.

He noted that the Envoy who had recently reported has resumed work in Nigeria at a time of “incredible opportunity.”

He welcomed the $100m credit facility from India to be injected into the Nigeria economy especially in the power sector and called for more active engagement between both countries.

Osinbajo pointed out that opportunities existed in agriculture and technology for Nigeria and India to cooperate, adding that diplomatic and economic relationship between both countries have been “extremely good.”

Earlier the Indian High Commissioner said his country supported the plan of the federal government to “make the Nigerian economy strong.”

He also welcomed the recently launched “Green Alternative,” the agricultural road map of the Federal Government, saying India has a keen interest in expanding domestic agric production in Nigeria and also in making quality agric products for exportation.