By Nigeria would require approximately $410 billion for full energy transition and $40 billion to close the electricity access gap.
According to the Managing Director of Rural Electrification Agency (REA), Mr Abba Aliyu, Nigeria created only 70,000 renewable energy jobs last year, in spite of its opportunities in the space, saying that “We must convert electricity access challenges into job creation opportunities,” Aliyu said.
Aliyu who spoke during a facility tour of LPV Technologies’ solar panel production plant in Lagos, Southwest Nigeria raised LPV Technologies for pioneering solar panel manufacturing, advancing energy transition efforts, and generating employment within Nigeria.
Aliyu noted the company’s efficient factory and emphasised its strategic value to Nigeria’s energy transition plan saying that Nigeria’s potential for distributed renewable energy, contrasting its output with China’s seven million jobs in the same sector.
Aliyu applauded LPV Technologies’ investments, noting its role in implementation and talent development alongside manufacturing. and that “This aligns with President Bola Tinubu’s strategy to localise production and grow the Gross Domestic Product.”
He added that the company’s products exceed some imports in quality, with technology that tracks each panel from sourcing to final assembly and noted ongoing REA collaboration with the Nigeria Police Force to solarise police stations nationwide.
Chairman of LPV Technologies, Mr Nzan Ogbe, in his address stressed the importance of decentralised energy infrastructure in cutting power costs noting LPV’s support for government efforts through clean energy systems adapted to local conditions and grid limitations.
REA is partnering LPV Technologies to strengthen Nigeria’s renewable energy sector and curb capital flight.
