- The Energy Commission of Nigeria (ECN) signed a €100 million MoU with UNIDACO Limited in London to advance Nigeria’s clean energy transition.
- The deal, sealed during the Renewed Hope Global Dialogue, supports sustainable growth and Nigeria’s goal of a $1 trillion economy by 2030.
The Energy Commission of Nigeria (ECN) signed a €100 million clean energy investment agreement with UNIDACO Limited in London to advance Nigeria’s transition to renewable energy.
ECN Director-General Mustapha Abdullahi led the Nigerian delegation to the signing, which took place on Saturday at the House of Lords during the United Kingdom edition of the Renewed Hope Global Dialogue. The forum promotes Nigeria’s international partnerships and investment opportunities.
The agreement, witnessed by Minister of Information and National Orientation Mohammed Idris, marks a significant step toward expanding renewable power generation, boosting industrial capacity, and supporting sustainable economic growth under President Bola Tinubu’s Renewed Hope Agenda.
Meanwhile, organised in collaboration with the Foreign Investment Network (FIN), the event brought together Nigerian officials, investors, and global stakeholders under the theme “Strengthening Global Partnerships for Economic Renewal and National Rebranding.”
Minister Idris led the delegation alongside Ambassador Olufolake Abdulrazaq, Prof. Mojisola Adeyeye, Dr Mustapha Abdullahi, and Dr Olasupo Olusi. The minister also received an international award on behalf of President Tinubu from EuroKnowledge for leadership and reform achievements that have strengthened investor confidence and improved Nigeria’s global image.
FIN Chairperson Olayinka Fayomi praised the government’s efforts to attract sustainable investment, saying the ECN-UNIDACO partnership would accelerate Nigeria’s renewable energy transformation. Ambassador J.K. Adebola, Chair of Renewed Hope Global, described the event as a milestone in Nigeria’s economic diplomacy and announced that future editions would be held in Dubai, Johannesburg, and Berlin.
The partnership highlights Nigeria’s commitment to harnessing clean energy to drive industrial growth, create jobs, and advance its goal of achieving a $1 trillion economy by 2030.