The Leadership reported that President Buhari stated this through a statement, presented by the minister of environment, Amina Mohammed, at Africa Day — a side event organised by the African Union in collaboration with Nigeria and the Economic Community of West African States (ECOWAS).
The theme of the event was titled Moving from Commitment to Action with the Intended Nationally Determined Contribution (INDC) and the Africa Renewable Energy Initiative (AREI).
He said: “We have developed the Sustainable Energy for All Action Agenda and the National Renewable Energy Action Plan (NREAP) among other policies that are contained in our Vision 30-30-30, with the aim to increase on-grid power capacity from the current level of about 5GW to 30GW by the year 2030, with at least 30% of this capacity coming from renewable energy technologies.”
President Buhari reiterates development plans
According to the media, Buhari’s statement reiterated that his administration is planing to launch the first green bond in Q1 2017, to fund a pipeline of projects that were targeted at reducing emissions.
He also pledged to attract private sector partnerships with support from development partners.
The President noted that guaranteeing energy security and focusing on renewable resources remained a top priority of his administration by strengthening the policy and regulatory base of renewable energy, media reported.
“Our NDCs [Intended Nationally Determined Contributions] implementation plan for the power sector will be built on this progress, and include clear mitigation and adaptation priorities, which will also be the basis for project proposals that will attract innovative international climate finance,” Buhari said.
Source: ESI Africa