$300m DRE fund will transform Nigeria’s power sector, Niger State offers land, enabling environment - Hon. Suleiman Umar

-

The honourable commissioner for power and renewable energy, Niger State, Hon. Suleiman Umar, has hailed the commercial launch of the $300 million Nigeria distributed renewable energy (DRE) fund by the Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All (SEforALL).

The fund, which was launched at the inaugural Africa Social Impact Summit (ASIS) global action forum on the sidelines of the 81st United Nations General Assembly (UNGA81) in New York, is designed to deploy capital into distributed renewable energy solutions, including mini-grids and standalone solar systems for underserved communities and businesses across Nigeria.

Hon. Suleiman Umar described the initiative as a bold and timely intervention that will accelerate sustainable development and inclusive growth for every Nigerian.

"This $300 million DRE fund is great news for the sustainable development of Nigeria. It is a clear demonstration of moving from commitments to implementation, aligning public, development and private capital to solve our most critical need - power access," the commissioner said.

He noted that the fund, to be co-managed by NSIA and Africa50 with SEforALL providing energy-access leadership, aligns perfectly with the vision of His Excellency, Farmer Governor Mohammed Umaru Bago, under the New Niger Agenda to light up Niger State and make it the power State of Nigeria.

The commissioner further called on NSIA to ensure equitable distribution and implementation of the fund across all states of the federation.

"I encourage NSIA and its partners to ensure that the implementation and process go across all states in Nigeria. Especially Niger State - the power State. We have the land mass, the good environment, and the political will for such investments across all our 25 local government areas," he stated.

"We are ready to partner, we are ready to provide the enabling environment, and we are ready to host investors for mini-grids and solar solutions that will power our rural communities, our farms, and our industries."

Hon. Suleiman Umar reaffirmed the commitment of the Niger State ministry of power and renewable energy to support all federal government and private sector initiatives aimed at achieving universal energy access in line with President Bola Ahmed Tinubu's Renewed Hope Agenda.


From: Office of the Honourable Commissioner for Power and Renewable Energy, Niger State 

A.B Makama, Media Strategist




Comments

Post a Comment

Popular posts from this blog

Restoring Hope: Hon. Suleiman Umar's Vision for a Brighter Power State

-
Image
The Ministry of Power and Renewable Energy, Niger State, under the leadership of Hon. Suleiman Umar, is undergoing a significant transformation. And with the establishment of the Niger State Electricity Regulatory Commission (NSERC) and the passage of the Power Sector Law 2024, the state is taking bold steps to regulate its electricity sector, promote renewables, and ensure power access for all. As Niger State is home to national hydropower dams, Ministry recognize the potential for reliable and affordable electricity. Hon. Suleiman Umar's leadership is focused on leveraging this potential to drive sustainable development, economic growth and improved living standards. Key initiatives include: - Regulating the electricity market via NSERC to create tailored solutions for local needs - Promoting solar power and other clean energy sources to expand access - Developing infrastructure, such as new transformers and substations, to improve distribution - Addressing power shortages throug...
Read more

Hon. Suleiman Umar: A Profile

-
Image
Honourable Commissioner Suleiman Umar is a renowned entrepreneur, politician, and dedicated public servant from Niger State, Nigeria. He hails from a time-honored family of public servants, entrepreneurs, and politicians, which has undoubtedly shaped his passion for service and leadership. Growing up, he was exposed to the world of politics and business, with his father being an active politician and entrepreneur, which sparked his interest in following in his footsteps. Sulaiman Umar's main business venture is agriculture-related, with a focus on shea butter processing. He was the General Manager of Nochem Industry Bida, Niger State, a company that has made history as the first to have a mechanised shea butter factory in Nigeria. Under his leadership, the company has been able to extract, filter, and package shea butter according to international standards, catering to the pharmaceutical and cosmetics industries both locally and abroad. With Niger State being home to the largest c...
Read more

A Collaborative Step Towards Powering Niger State

-
Image
  In a significant move towards realizing Governor Umar Bago's vision of providing stable electricity to every household in Niger State, the Honourable Commissioner of Power and Renewable Energy, Hon. Suleiman Umar, has taken bold steps to revamp the sector. The familiarization meeting with key stakeholders, including Niger AEDC, NSEB (REB), and several contractors, marked a crucial milestone in the state's power journey. The Commissioner demonstrated remarkable prudence and dedication to his role, taking a hands-on approach to address the state's power challenges. His leadership has injected a new sense of urgency and purpose into the ministry, with a clear focus on delivering results. The meeting was a testament to his commitment to collaboration and stakeholder engagement, bringing together critical players to chart a way forward. Hon. Suleiman Umar's emphasis on harmonizing efforts and revisiting stalled projects has galvanized contractors and stakeholders, eager to...
Read more