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Reps Urge More Private Sector Investment To Tackle Energy Crisis

Reps Urge More Private Sector Investment To Tackle Energy Crisis

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The private sector should play a more active role in resolving Nigeria’s persistent energy issues, according to members of the House of Representatives Committee on Privatization and Commercialization.

They cited the success of the Kano-based Bagaja Renewables’ 1MWp interconnected solar mini-grid project as a potent illustration of what can be achieved through public-private collaboration.

Chairman, Hon., as the leader. The lawmakers made the call while on an oversight visit to Bagaja’s state-of-the-art facility in Zawaciki, which provides clean, reliable power to underserved communities by supplementing the national grid.

Chidari praised the transformative potential of private investment in the power sector. Nigeria’s energy crisis can be resolved more quickly and sustainably, according to the statement.

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Chidari argued that Nigeria’s excessive reliance on the central grid is no longer sustainable, particularly in rural and peri-urban areas where electricity access is still difficult to come by.

He urged both local and international investors to research opportunities for distributed energy technologies like solar farms and mini-grids.

The government is unable to go it alone. To promote innovation, efficiency, and expansion in our energy space, he said, “we need serious, committed players in the private sector.” This is not the case, but renewable energy projects like this must become the norm.

Bagaja Renewables’ Zawaciki project, which was created and run by Bagaja Renewables, aims to improve grid stability and reduce power outages for both businesses and households.

Sadiq Zakari, the managing director of Bagaja Renewables, reiterated the company’s commitment to providing scalable, clean energy solutions throughout the nation during the facility tour.

Zakari stated, “Our goal is simple: to close Nigeria’s energy access gap.” We’re demonstrating that reliable power can be found in every region of Nigeria with the right combination of investment and innovation.

He also praised Bagaja’s expanding portfolio, which includes the Kafin Hausa project in Jigawa and Kura-Karfi in Kano, both of which are aimed at supporting local industries and boosting rural electrification.

The lawmakers’ visit highlights a wider policy shift that, according to experts, is crucial to achieving long-term energy security by encouraging private sector participation in Nigeria’s post-privatization power landscape.

Source: Channels TV

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