- Government and Quaint Energy agreed to develop two hydropower plants to boost renewable power and support economic growth.
- The agreement covers the 6MW Ikere Gorge Hydropower Project in Oyo State and the 2MW Omi-Kampe Hydropower Project in Kogi State.
The Federal Government has intensified its clean energy expansion efforts by signing a new concession agreement with Quaint Energy. This step supports its ambition to boost renewable power generation across several regions. It also reflects a growing commitment to long-term energy security.
The agreement covers the 6MW Ikere Gorge Hydropower Project in Oyo State and the 2MW Omi-Kampe Hydropower Project in Kogi State. It was signed in Abuja, signalling a clear move towards practical renewable solutions. Additionally, the initiative aims to encourage investment and strengthen local energy development.
The Minister of Power, Chief Adebayo Adelabu, highlighted the signing as a significant milestone for the sector. He stated that Nigeria needs reliable power to drive growth. Furthermore, he stressed that a steady electricity supply will support industry and create jobs. He also noted that renewable energy will expand opportunities for inclusive national development.
According to him, the deal seeks to unlock the vast renewable potential in both states. He explained that the government continues to prioritise affordable and sustainable electricity. Therefore, the new projects will help advance industrialisation and promote balanced economic progress.
Adelabu emphasised that the Ikere Gorge and Omi-Kampe projects do more than generate hydropower. They represent strategic interventions aimed at improving state electricity markets. The projects also intend to enhance productivity through clean and dependable energy. Consequently, the projects will deliver benefits that extend beyond basic power supply.
He added that both plants will scale electricity to surrounding communities once they become fully operational. They will also support farming clusters and agro-processing zones. Additionally, the plants will support small industries and enhance social services. As a result, the projects will stimulate rural economic transformation in Oyo and Kogi States.
Through this concession, the government reaffirms its commitment to expanding clean energy. It also strengthens its long-term pursuit of a more stable and sustainable national power mix.