Nigeria has secured renewable energy agreements worth 435 million dollars with local and international partners, as the country strengthens efforts to position itself as a hub for renewable energy manufacturing in Africa. The agreements were signed on Tuesday at the Nigeria Renewable Energy Innovation Forum (NREIF 2025) in Abuja. The signing ceremony was attended by top government officials, development partners, and private sector investors in the renewable energy industry.
Vice President Kashim Shettima, who delivered the keynote address, described the initiative as a key part of Nigeria’s long-term plan to achieve sustainable energy independence and reduce reliance on fossil fuels. According to him, Nigeria’s energy transition represents an investment opportunity of over 410 billion dollars between now and 2060. He noted that more than 23 billion dollars of that figure would be needed to expand energy access and connect millions of Nigerians who still live without reliable power supply.
Shettima explained that the federal government’s ambition goes beyond access, aiming to build a power system capable of generating 277 gigawatts of installed capacity by 2060. He said the administration intends to establish strong renewable energy infrastructure, from solar panel assembly lines in Lagos to battery recycling hubs across industrial corridors. “Nigeria must not only participate in this revolution but lead it,” the vice president stated.
He emphasized that achieving this target requires innovation, local capacity development, and strong commitment. “This demands more than investment; it demands innovation, local capacity, and commitment. That is why the theme of this year’s forum is not only timely but indeed essential,” he said.
Shettima commended the Federal Ministry of Power and the Rural Electrification Agency (REA) for advancing decentralised and inclusive electricity policies. He praised the Rural Electrification Agency’s leadership for implementing projects that have brought power to rural communities, supported small businesses, and transformed lives. “The federal ministry of power has demonstrated its readiness to steer Nigeria’s energy transition through progressive policies that lay the groundwork for a more decentralised, competitive, and inclusive electricity market,” he said.
He urged development partners and original equipment manufacturers to localise their technologies, strengthen supply chains, and invest in knowledge and skill transfer to ensure sustainability. “The success of Nigeria’s energy transition will not be measured by policies or projections, but by our ability to transform ideas into practical solutions that guarantee availability, affordability, and sustainability for every Nigerian,” Shettima added.
During the event, Shettima announced that through engagements under the forum, more than 400 million dollars in new investment commitments had been mobilised into Nigeria’s renewable energy manufacturing value chain. The funds will support the development of solar panels, smart meters, battery storage systems, and recycling facilities.
Among the agreements signed, Lagos State reached a deal with Auxano Solar to deliver 150 megawatts of renewable energy. The state also entered a partnership with Levene Photovoltaic Technologies Limited to develop a world-class recycling plant with a capacity of 2,484 tonnes per annum. Akwa Ibom State signed agreements with Tricell Solar Solutions and IRS Green Energy to deliver 500 megawatts and 600 megawatts respectively.
Similarly, Kano State signed with Tricell Solar Solutions and IRS Green Energy Limited for the delivery of another 500 megawatts and 600 megawatts. Bayelsa State entered a deal with Marine Logistics Limited, while the Federal Capital Territory signed with PVG Solar Limited to deliver 500 megawatts. The Rural Electrification Agency also signed agreements with Suntisolar Energy Africa Solar Limited and Tsat Telecommunications Company Limited.
Commenting further, the vice president said these investments are expected to create over 1,500 direct jobs across multiple states. He described the development as a reflection of growing global confidence in Nigeria’s renewable energy drive and its commitment to clean energy industrialisation.
Shettima reaffirmed President Bola Tinubu’s dedication to strengthening the country’s energy transition policies. He said the federal government will continue to enhance incentives for local manufacturing, streamline regulatory frameworks, and promote stronger collaboration with state governments, investors, and development partners.
The vice president also applauded the Federal Ministry of Power and the Rural Electrification Agency for their role in promoting decentralised and competitive energy policies. He noted that their work has contributed significantly to bringing power to underserved and off-grid communities, empowering small enterprises, and boosting local productivity.