20,000MW of Renewable Energy Could Drive Economic Development – FG

Group-Managing-Director-NNPC-Dr.-Ibe-Kachikwu1

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, called for increased investment in renewable energy, saying the country required 50,000 Megawatts of electricity to drive economic development, Vanguard reports.

Kachikwu, who was represented by Director of Gas, Ministry of Petroleum Resources, Alhaji Yahaya Kurfi, spoke at a seminar organised by the Petroleum Technology Development Fund (PTDF), in conjunction with the management of Cranfield University, London. Kachikwu maintained that the country’s economic development would have reached a giant stride, if about 20,000 Mega Watts of electricity was generated from renewable energy sources.

He lamented the fact that the country had not been able to make any local contribution to the Ethanol blending project, which was aimed at reducing energy emission from fossils fuel. He also emphasised the need for capacity building to enable Nigerians identify, explore and manage the renewable options as nature had blessed the country with varieties of renewable energy resources.

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