The Federal Government of Nigeria is derisking lending to the off-grid energy sector through pragmatic policies including slashing import duties, offering cheap credit to operators and galvaning commercial banks to consider lending the sector. In a bid to fix Nigeria’s energy supply challenge, it has designed a 5 million homes solar installation plan under the…
The Sustainable Use of Natural Resources and Energy Finance (SUNREF), a green financing line for businesses developed by the French Development Agency (AFD) is encouraging manufacturers to take advantage of the SUNREF funding facility. The organisation in a virtual investors conference it hosted along with the Manufacturing Association of Nigeria (MAN) said that its SUNREF […] Read Full Story
In the Nigerian political discourse, one saying that is thrown around regularly is: “Nobody gives you power; you have to grab it.” It has been repeated for too long that it has acquired the aura of truth in the psyche of many Nigerians. Those who say it do so matter-of-factly to underscore their presumed deep […] Read Full Story
By Obas Esiedesa – Abuja The Federal Government has taken the first major step to relocate the Department of Petroleum Resources, DPR, from Lagos to Abuja, with laying of the foundation for its head office building in the nation’s capital. The bulk of Nigeria’s petroleum industry’s operation, which DPR regulates, takes place in the southern
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