The federal government of Nigeria through Infrastructure Corporation (InfraCorp) has put pen to paper on a Memorandum of Understanding (MoU) to launch a solar PV manufacturing plant in Nigeria.
The MoU was signed during the ongoing COP28 summit in the United Arab Emirates (UAE).
This was disclosed in a statement issued by InfraCorp on Monday where it stated that the agreement signifies Nigeria’s determination to be self-reliant in its energy needs whilst providing sustainable energy for the present and future.
The MoU was the brainchild of the Managing Director and CEO of InfraCorp Dr Lazarus Angbazo who signed the agreement for InfraCorp with the two partners- Solarge BV of the Netherlands and the African Green Infrastructure Investment Bank.
The CEO of InfraCorp, Angbazo, stated that the project aims to revolutionize Nigeria’s energy sector, bringing about positive effects on various segments of the economy. He emphasized the overarching objective of elevating Nigeria’s economy to $1 trillion through the implementation of sustainable and climate-resilient infrastructure.
He said, “The project focuses on local manufacturing, green manufacturing and renewable energy, equipment manufacturing, and climate resilient infrastructure.”
