The Federal Government has hinted that over $400 million in new renewable energy investment commitments will be formalised within the next two days to strengthen Nigeria’s renewable energy manufacturing value chain.
Vice President Kashim Shettima announced this on Tuesday at the inaugural Nigerian Renewable Energy Innovation Forum 2025 held in Abuja, saying the move is aimed at deepening local manufacturing and innovation in Nigeria’s renewable energy sector.
According to him, the investments, mobilised through engagements facilitated by the forum, will fund the establishment of solar panel assembly plants, smart meter production lines, and battery storage and recycling facilities across multiple states.