Nigeria announces its intention of diversifying its energy resources

23 October 2009

In order to reduce its dependence on natural gas and to cover its future energy requirements, Nigeria has decided to diversify its energy sources.

The government has announced its intention of reconfiguring certain areas of production of a number of electricity generating plants so that they can operate with forms of gas other than natural gas.

Dr. Lanre Babalola, Minister with responsibility for energy, announced this week that he also wished to attract investors into the energy sector.

“The reform does not involve only the existing structures but will be a new policy which will stand the test of time and improve confidence in the private sector so as to draw investments into the energy sector”.

The government is envisaging the use of fuels such as coal, but also renewable sources of energy from wind farms or hydroelectric plants.<br/>

Subscribe to @ISSUE

Subscribe to our quarterly newsletter to get up-dates from the ICA

Learn More