Creating Enabling Environment for Optimal Renewable Energy leadershipNGA: Nigeria
With much sunlight in the north for solar energy development, overflowing river in the south for hydroelectric generation and intimidating gas reserves in the Niger Delta to sustain thermal energy plants yet the country is remains in darkness from one civilian administration to another.
Falana believes that the new law will attract necessary foreign investments into the power sector that is required to up and address the rehabilitation that needs to be undertaken across the electricity supply chain. He said that 29th May, 2023 marks another beginning of a new political era in governance at the federal government level in Nigeria.
Falana, said, the Federal Government Sovereign Guarantee should acknowledge the importance of the renewable energy power generation project to the nation's economy as"Nationally Significant Projects", and support foreign investments in the development, construction and operation of electricity power supply infrastructure projects.
It is also in his opinion that the Federal Government will not sell or otherwise transfer any interest in any primary obligor or project counterparty without taking steps to ensure that the project and the project sponsors and lenders will not suffer adversely, and there should be assurances as to timely installation and completion of new ancillary infrastructure, such as; transportation and utilities necessary for the construction, operation and maintenance of the energy power project.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria: Afro Nation Nigeria Festival AnnouncedThe world's biggest Afrobeats festival, Afro Nation, has confirmed a brand new edition, arriving in Lagos, Nigeria for the first time this year.
Read more »
Nigeria's security agency detains suspended central bank governor - SABC NewsNigeria’s suspended central bank Governor Godwin Emefiele has been detained and is being held in custody for investigative reasons, the police’s Department of State Services (DSS) said on Saturday.
Read more »
Black Girls Rising: Mentoring project behind new wave of young climate advocates in SA | BusinessBlack Girls Rising is a programme in South Africa that provides mentorship for girls aged between 12 and 18, enabling them to lead climate change efforts in their communities. | News24_Business
Read more »
'Engines of growth': SMEs need support to boost SA economic recovery | The CitizenSmall and medium-sized enterprises need support to enable them to help with South Africa’s economic recovery. 👨💼 Business Economy Entrepreneurship Find out more details here 👇
Read more »
Recipe of the day: Hearty beef bone broth | The CitizenIn the realm of culinary delights, few things offer as much comfort and versatility as a rich and flavourful beefbroth. TheCitizenLifestyle Food Recipes Find out more below 🔽
Read more »
Nigeria: Can EFCC anti-graft agency continue its run under Tinubu? - The Africa Report.comNigeria’s Economic and Financial Crimes Commission, under the leadership of the Abdulrasheed Bawa, has seen rising success in tackling crime, hitting a peak in 2022. But critics say only common criminals are being put behind bars.
Read more »