Nigeria signs agreements on renewable energy with China

The Federal Government on Tuesday signed two Memorandum of Understanding (MoUs) with a Chinese Company, Mutual Commitment Company (MCC) limited on renewable energy.

The Special Adviser on Strategic Communication and Media Relations to the Minister of Power, Mr. Bolaji Tunji, disclosed this in a statement in Abuja.

The agreements were facilitated and signed in Beijing at the African-China Co-operation Summit by the Rural Electrification Agency (REA), an agency of the Ministry of Power.

The Minister of Power, Adebayo Adelabu and the Managing Director of REA, Mr. Abba Aliyu, represented Nigeria at the ceremony.

In his remark at the event, the minister said: “The MoUs will go a long way towards achieving Nigeria’s vision for the renewable energy sub sector of the electricity sector value chain.

“I know Nigeria and China have lots of things in common, one of which is the high population of both countries.

“And countries with high population, have so much pressure. The first pressure is that of energy access and the second, is job creation.

”So when you take steps to achieve both, it is a thing of joy.”

He stressed that President Bola Tinubu had prioritised the power sector as the driver of all other critical sectors of the economy and giving all the support to ensure that he delivered on his electoral promises.

He noted that energy access and expansion was government’s major priority because nothing could be achieved without strong, stable, functional and reliable electricity sector.