$2 Billion Grant: Reps to investigate Nigeria’s renewable energy investments performance
The House of Representatives says it plans to conduct a thorough investigation on the underperformance of investments in renewable energy.
Afam Ogene, chairman of the House Committee on Renewable Energy, said this in Abuja on Thursday at a workshop on aligning strategies across the Nigeria Energy Transition Plan’s five key sectors with net zero commitments.
Mr Ogene said that the House had mandated the committee on renewable energy to conduct a comprehensive investigation into government agencies involved in renewable energy investments, procurement, and grant management since 2015.
He said the resolution followed a motion sponsored by Okey-Joe Onuakalusi, who represents the Oshodi/Isolo federal constituency in Lagos.
According to him, the motion was on the urgent need to investigate government investments and grants received in the renewable energy sector from 2015 to the present.
“In spite of significant investments and grants, including a $750 million World Bank facility approved in December 2023, and over $2 billion received as investments and grants in the past decade. The sector has failed to show tangible progress or contribute meaningfully to the national grid,” he said.
According to him, the House is concerned about the seeming lack of transparency and accountability in managing these funds.
Mr Ogene said that as chairman of the committee on renewable energy, he would conduct a thorough investigation, leaving no stone unturned, to uncover the truth behind the sector’s underperformance.
He also said that the committee would ensure that the parliament’s mandate was fulfilled and appropriate action was taken against individuals or organisations that had mismanaged funds or engaged in unethical practices.
“The investigation aims to hold accountable those responsible for the sector’s poor performance and release the sector from dullness and stunted development. Promoting in the process, sustainable economic development and addressing Nigeria’s persistent electricity challenges,” he said.
Mr Ogene appealed to REAN, as stakeholders in the renewable energy sector, to provide relevant information about investments and grants in the sector within the period.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 3
Three youngsters die, one battling for life as speeding vehicle rams into Abuja bridge
A FRSC Route Commander, Jubrin Lawal, who led the rescue operation, said that three of the four men in the vehicle died on the spot.
NationWide
NRS gives large taxpayers July 31 deadline for e-invoicing compliance
Mr Adekambi described large taxpayers as companies with gross turnover of N5 billion and above.
Abuja
Residents consider healthy diets amid concerns over processed foods
Mr Akuba said the growing public interest in food quality presented an opportunity to improve nutrition awareness across communities.
States
Victims count losses as fire guts four shops in Calabar
Mr Nyong commended CR-SEMA for its prompt response.
States
Gov. Bago urges Niger APC to reconcile aggrieved members ahead of 2027 poll
Mr Bago stressed the need for unity among party members.
Heading 5
Alleged Tranfer Move: Shooting Stars declare footballer Ayodele Ismail AWOL, report Egypt-based agent to FIFA
The 3SC management warned prospective buyers that Ismail is still legally contracted to the club, noting any transfer negotiation must be with the Oluyole Warriors.
