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EU, Germany to facilitate Nigeria’s access to renewable energy funding - Voice of Nigeria Forum

EU, Germany to facilitate Nigeria’s access to renewable energy funding - Buzzyforum

EU, Germany to facilitate Nigeria’s access to renewable energy funding

Profile Picture by BishopNuel at 12:28 am on February 12, 2025
As part of efforts to unlock Nigeria’s electricity access, particularly in rural areas, the European Union (EU) and Germany, yesterday, in Lagos launched the Nigeria Country Window.

The initiative, which will accelerate investments in renewable energy solutions by unlocking financing for sustainable energy projects and businesses, specifically tailoring them to the Nigerian context, is being implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

The initiative will closely cooperate with other donor-funded initiatives in Nigeria, particularly the Nigerian Energy Support Programme (NESP), which has been co-funded by the EU and the German Federal Ministry for Economic Cooperation and Development (BMZ) since 2013.

Speaking at the launch of the Nigeria Country Window initiative, organised by GET.invest Nigeria, Team Leader for Green and Digital Economy at the EU Delegation to Nigeria and ECOWAS, Inga Stefanowicz, highlighted the importance of the initiative.

“The EU remains committed to supporting Nigeria’s energy transition and sustainable economic growth. Reliable electricity is essential for economic development, and unlocking finance for renewable energy solutions is a critical step toward bridging Nigeria’s energy access gap.

“Through GET.invest Nigeria, we aim to facilitate access to finance for renewable energy projects that will benefit businesses and communities across the country,” Stefanowicz said.

In representation of the Nigerian Federal Ministry of Power, Permanent Secretary, Temitope Dina, emphasised Nigeria’s commitment to a brighter and more sustainable future, signalling the arrival of GET.invest Nigeria at a critical time in the nation’s journey toward achieving sustainable development.

She said: “With the right investments, policies and technologies, we can create a cleaner, greener and more resilient energy system. This transformation is not just a goal; it is a necessity for ensuring energy access for all Nigerians, reducing our dependence on fossil fuels, and enhancing our environmental stewardship.”

https://guardian.ng/business-services/business/eu-germany-to-facilitate-nigerias-access-to-renewable-energy-funding/
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