- The Federal Government inaugurated the National Energy Masterplan Implementation Committee (NEMIC) to drive reliable, affordable, clean energy solutions.
- NEMIC Chair Dr. Mustapha Abdullahi said the committee will raise $50 billion in 10 years to fund renewable energy projects and infrastructure.
The Federal Government has inaugurated the National Energy Masterplan Implementation Committee (NEMIC) to fast-track the deployment of reliable, affordable, and climate-friendly energy solutions.
Furthermore, Minister of Innovation, Science, and Technology Uche Nnaji inaugurated the committee in Abuja and described the move as “a milestone in Nigeria’s energy journey.” He said the master plan charts Nigeria’s path to a secure, diversified, and sustainable energy future by strengthening the energy mix, accelerating clean technologies, and aligning national development with global climate action.
Nnaji assured members of government support but urged them to take full ownership of the process. “The responsibility rests on your shoulders. The work you undertake will influence Nigeria’s economic growth, drive social progress, and safeguard our environment,” he said.
Dr. Mustapha Abdullahi, Director-General and Chief Executive Officer of the Energy Commission of Nigeria (ECN) and Chair of NEMIC, said the committee had been working since its constitution on October 17, 2024. He also identified the National Energy Fund as a key financing instrument, noting that NEMIC will raise $50 billion over ten years to finance renewable energy projects and new infrastructure.
“The fund was developed in line with the masterplan approved by the Federal Executive Council. It will attract public and private investment into the energy sector. The $50 billion goal mandates NEMIC to mobilise funding to drive renewable and new energy infrastructure,” Abdullahi said.
Finally, the masterplan, approved by the Federal Executive Council, anchors Nigeria’s transition to sustainable energy development, reduces reliance on fossil fuels, and positions the country as a global player in clean energy.