FG to explore alternative source of energy
The Minister of Science and Technology Dr. Ogbonnya Onu has said the Federal government is vigorously exploring alternative sources of energy for the country.
Dr. Onu said this when the executives of International Energy Charter Mission Team on Energy Investment Risk Assessment paid a courtesy call on him at his office during the week.
The Minister said that his Ministry is championing the study and research innovation in wind energy, biomass , solar and hydro that will enable us utilize those resources we cannot exhaust over a time .
Nigeria, he stressed, needs to broaden the base of her energy resources, adding that renewable energy is one area that Nigeria has tremendous advantage whether in hydro, wind, solar, geothermal and Biomass.
The Federal Government, he added, will create the enabling environment for the private sector to invest in this very vital area, adding that both legislative and regulatory framework would be provided by the government.
Dr. Onu said the exploration of renewable energy has the potential to not only create jobs; it would also generate more wealth as well as reduce poverty in the rural areas.
He said that crude oil may not meet our energy needs in future and stressed the urgent need to look at alternative sources of energy.
Earlier, Investment Coordinator, of the International Energy Charter, Mr. Ishita Plant said that the aim of the Investment Risk Assessment is to help countries do what is right, create synergy and bring out those things that will benefit the people.
The Expansion co-coordinator for Africa, Dr. Monica Emmanuel said that Nigeria has signed as observer on International Energy Charter on 7th March,
In a related development, the Minister of Science and Technology, Dr. Ogbonnaya Onu has called on the Executive Vice Chairman of Pointblank Enterprise INC, Florida, USA Michael Freeman to take advantage of Executive Order 5 to establish in the Nigeria market.
He made the call when the management Team of Pointblank Enterprise paid a courtesy call on the Minister in his office in Abuja on 27th March, 2018
Dr. Onu said the Federal government will continue to facilitate the process of technology acquisition, adding that the African continental free trade zone,