Mr Adelabu stated that the agreement could achieve the vision for the renewable energy sub-segment of the power sector.
Mr Adelabu said the government aimed to increase power generation to 6,000 megawatts by the end of the year.
Mr Adelabu said that the investment would cover Agbara, Mowe and Sagamu industrial clusters.
Nigerian ministers have stressed the significance of the power sector in achieving economic growth and industrialisation.
The federal government has announced the addition of 625 MW of power to the national grid, increasing the grid’s wheeling capacity to 4800 MW.
According to him, some barracks and cantonments have been in total blackout since January.
![Chief of Army Staff (COAS), Lt-General Taoreed Lagbaja [Photo Shettima]](https://gazettengr.com/wp-content/uploads/Chief-of-Army-Staff-COAS-Lt-General-Taoreed-Lagbaja-Photo-Shettima.png)
He said that the main problem of the sector was liquidity and funding.
“We acknowledge the current unsustainable situation, and we expect a turnaround immediately,” he stated.
Sun Africa’s financing partners, ING Bank and Citi, emphasised their commitment to up to $10 billion in financing projects in the coming years.
The minister urged the operators to synergise for the success of the power industry, adding that the work at hand cannot be carried out by one person.
