Policy

Statement

Solar

The nation shall aggressively pursue integrating solar energy into the energy mix.

The nation shall keep abreast of worldwide developments in solar energy technology.

The nation shall utilise solar energy resources where it is more cost-effective.

The nation shall support the establishment of local manufacturing industries for solar energy.

The nation shall encourage individual and corporate bodies to generate solar power and feed into the grid.

The nation shall encourage research and development in solar energy technology.

Electricity

The nation shall create an enabling environment to ensure a reliable and competitive electric supply.

The nation shall continue to promote private sector participation in the electricity sector.

The nation shall continue to pursue measures to ensure a strong and diversified energy mix.

The nation shall pursue market competitive and sustainable power.

The nation shall encourage the state and local governments to provide access to electricity to the rural areas through off-grid.

Finance

Investments in the nation’s energy sector shall be accorded high priority.

The nation shall provide a financing policy framework for achieving sustainable development.

The nation shall explore local and international financing options for exploiting its energy resources.

The nation shall encourage an increase in domestic and foreign private investments.

The nation shall implement an Integrated Infrastructure Master Plan for cross-sectoral harmony and a financing framework.

Local content and Manpower development

The nation shall encourage the use of locally available Resources in all aspects of the energy sector in Nigeria.

The nation shall promote manpower development and training in the nation’s energy sector.

Research and Development (R & D)

The nation’s energy resources shall be developed and utilised sustainably through research and development.

All viable innovation generated from R&D activities should be protected with Intellectual Property (IP) rights.