Business
Renewable Energy: UNDP, GEF Woo Private Investors
The United Nations De
velopment Programme (UNDP) has urged private investors to partner with the organisation to invest in renewable energy in the country.
The officials of the organisation made the call in Abuja at the Global Environment Facility (GEF) Project Inception Workshop on Promoting Low Carbon Energy Solutions in Nigeria.
Prof. Emmanuel Oladipo, the National Consultant for the development of the project document in Nigeria, said that the project would help to harness the nation’s renewable energy potential.
Oladipo said that the renewable energy sector should be decentralised and not left for the government alone to handle.
He stressed the need to involve the private sector in the renewable energy project to boost its production and to enhance its distribution.
“This kind of partnership will aid in stimulating the private sectors to tap from the abundant gains embedded in the renewable energy sector.
“There is also need for more investment in the energy sector to enable the nation to achieve its developmental goals such as Vision 20:20-20,’’ he said.
Oladipo, however, said that engaging the private investors in the renewable energy project would further promote low carbon energy solutions.
According to him, the inception meeting with various stakeholders will provide platform to fashion out ways on developing a project document.