Equipment imports viewed by experts as a threat to Nigeria’s DRE market

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According to experts who gathered at the recent second edition of the Nigeria Energy Forum (NEF) in Lagos, the continued import of major materials by operators in Nigeria’s distributed renewable energy (DRE) industry would impact negatively on the market’s sustainability plans, OGN reports.

A communique of the NEF which was signed by the duo of Dr. Oluwole Daniel Adeuyi, and Mr. Sunday Adekunle Makinde, forum chair and general co-chair respectively, thus recommended that an investment partnership should be created between private sector operators; Nigeria’s Bank of Industry (BoI); and other relevant industry groups, in the manufacturing of DRE equipment in-country to cut down the domestic market’s reliance on importation.

The over 100 experts which included government; development partners; industry; academia; and the private sector persons further requested in the communique that: “An Energy Innovation Fund should be established by the public and private sector to support early-stage business ideas, build a pipeline for energy access using different renewable technologies and demonstrate the effectiveness of innovative technologies in energy networks.”