The Federal Government has signed a €100 million clean energy investment deal with London-based firm, UNIDACO Limited, to boost Nigeria’s transition to renewable and sustainable energy.
The agreement was formalised at the House of Lords, London, during the Renewed Hope Global Dialogue (UK Edition), a forum organised to attract global investments into Nigeria’s priority sectors.
Partnership for Energy Transition
Speaking at the signing ceremony, the Director-General of the Energy Commission of Nigeria (ECN), Dr. Abdullahi Mustapha, said the partnership would accelerate Nigeria’s clean energy drive and enhance access to affordable power solutions across the country.
He described the deal as a landmark achievement aimed at promoting energy diversification, sustainability, and innovation through global collaborations.
According to Mustapha, the €100 million investment will support projects focused on renewable energy deployment, clean technology infrastructure, and capacity development across Nigeria’s energy value chain.
Boost for Renewable Energy Sector
The ECN boss noted that the collaboration with UNIDACO would help bridge Nigeria’s energy gap, especially in rural and underserved areas, through scalable renewable energy solutions.
He added that the commission remained committed to fostering partnerships with reputable international organisations to advance Nigeria’s clean energy ambitions and attract sustainable financing for green projects.
Driving Sustainable Growth
The initiative is expected to complement ongoing government efforts to strengthen Nigeria’s energy security and reduce dependence on fossil fuels. It also highlights growing investor confidence in the country’s renewable energy landscape.
Experts say the investment deal signals Nigeria’s seriousness in aligning with global climate goals and developing a diversified energy mix that can support industrial growth and inclusive development.
