Buhari unveils N120bn solar power project in Kano

The 10 megawatt solar energy project, which cost $15 million (N120 billion), was unveiled by the president Muhammadu Buhari on Monday in the Kumbotso Local Government Area of Kano State. The project’s goal is to improve home and industrial power supplies.

The President while unveiling the project expressed hope that it would help to revive ailing industries that depend on electricity to power their giant plants in the state.

The Managing Director and the Chief Executive Officer of the Nigeria Sovereign Investment Authority, Aminu Sagir, in his remarks, described the project as a progress for the people towards adding value to the economy.

He said, “The project is to be supervised and managed by the NSIA which is jointly owned by the federal government, Kano State government and the host community.

The project is currently the largest grid-connected solar PV plant and is proof of successful mid-sized solar PV deployment in Nigeria. This would catalyse growth in the power sector as it shows that renewable projects of this magnitude can be successfully delivered. It also builds Nigeria’s credentials in the fight against climate change and our commitment to attaining net zero carbon emissions by 2060.”

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

Popular Related

Nigerian to serve on AU Reference Group

Dr. Olumide Ajayi, the Executive Director and Chief Executive Officer of the Africa Leadership Foundation, has been chosen to serve on its Reference Group,...

1,068 oil projects to attract $22.8bn investments – FG

The Federal Government on Wednesday disclosed that about 1,068 oil and gas projects approved between 2022 and 2023 are to attract a total of...

Neveah increased workers’ salaries by 44 percent

In an act to support the welfare of its employees, Indigenous commodities export company, Neveah Limited, has made a 44% increase in the salaries...

FG’s free train rides excite passengers

President Bola Tinubu has approved free train rides across the country from December 20, 2024, to January 5, 2025. The President made this announcement to...

LIRS chairman receives honorary doctorate

The Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr. Ayodele Subair, has been conferred with a doctorate degree in Business Administration (honoris causa)...

CBN issues guidelines to manage tech platforms in financial institutions

The Central Bank of Nigeria, CBN, has issued an Exposure Draft of the Risk-based  Cyber-security Framework and Guidelines for Deposit Money Banks, DMBs and...

FG relocates FAAN headquarters to Lagos, give reasons 

The Federal Airports Authority of Nigeria (FAAN) has confirmed that the Federal Government decided to relocate its corporate headquarters from Abuja to Lagos to...

MIDOil to build 100,000bpd modular refinery in Lagos

Blueprints for the construction of a 100,000bareels per day modular refinery at Sekungba/Ejinrin, Ikosi/Ejinrin LCDA of Lagos state, as disclosed by Mid-oil Refining and...

FG plans public engagements on tax reforms

The Presidential Fiscal Policy and Tax Reforms Committee has planned to hold public engagements on fiscal and tax reforms starting in Lagos on Thursday. In...

Access Holdings appoints Bolaji Agbede as Acting CEO after Wigwe’s death 

Access Holdings Plc has announced the appointment of Bolaji Agbede as the Acting Group Chief Executive Officer (GCEO). This announcement comes three days following Herbert Wigwe...