The European Union (EU) and Germany have joined forces to finance renewable energy projects in Nigeria through the launch of a country-specific initiative. The EU announced the launch, which took place on Tuesday in Lagos, aimed at boosting investments in renewable energy solutions by unlocking financing for sustainable energy projects that align with Nigeria’s energy needs.
The initiative is being carried out by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and will collaborate with other donor-funded programs in Nigeria, particularly the Nigerian Energy Support Programme (NESP), which has been co-funded by the EU and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) since 2013.
At the event, organized by GET.invest Nigeria, Inga Stefanowicz, the EU delegation’s team leader for green and digital economy in Nigeria and ECOWAS, emphasized the EU’s ongoing commitment to supporting Nigeria’s energy transition. “The EU is dedicated to aiding Nigeria’s energy transition and sustainable growth. Access to reliable electricity is vital for economic progress, and securing financing for renewable energy is crucial to addressing Nigeria’s energy access challenges,” Stefanowicz stated.
Temitope Dina, the Permanent Secretary representing the Ministry of Power, highlighted Nigeria’s dedication to a sustainable future, noting that GET.invest Nigeria is launched at a critical juncture in the country’s pursuit of sustainable development.
The initiative will also offer market intelligence, industry mobilization, and capacity-building support to local stakeholders, providing them with the tools needed to scale clean energy solutions across Nigeria.
Furthermore, the program is designed to drive investments that will bolster energy security, stimulate economic growth, and enhance the quality of life for millions of Nigerians.
