Uncategorized

Indigenous Solar Cell Production ‘ll Crash Price by 60% – Onu

By Patience Asoro

The Minister of Science and Technology, Dr. Ogbonnaya Onu has called for production of indigenous solar cells in the country even as he said that producing the panels in the country will force down the unit cost by 60 percent.

According to him, the production of indigenous solar cells will have a positive attendant effect on many industries in the country.

The Minister made the call during a virtual meeting he had with the Director General (DG) of the International Renewable Energy Agency (IRENA) based in Dubai U.A.E, Mr. Francesco La Camera in his office in Abuja.

NCC Ad

Onu said that the indigenous production of solar cells will drop the price of solar panels by 60% and aid Nigeria’s transformation into a green economy.

The Minister further sought the assistance of IRENA on Institutional Capacity building for research in enhancing green hydrogen energy, adding that Nigeria has immense gas reserves.

Dr. Onu said renewable energy should be fully exploited as solar energy would enable rural communities to have access to sustainable electricity power.

On Foreign Direct Investment, he said the activities of Nigeria as a member nation of the agency will help make renewable energy more available.

He said, “We want to make our solar cells in Nigeria, more foreign investors should be encouraged to come into Nigeria, which has a huge market of 200million people”.

The Minister said Nigeria is committed to ensure the protection and preservation of the planet for future generations. He added that Nigeria will participate and fulfil all its obligations as a member state of IRENA.

Earlier, the Director General of the International Renewable Energy Agency (IRENA), Mr. Francesco La Camera hailed Nigeria’s commitment to the agency.

He said that the agency will collaborate further with Nigeria in developing renewable energy and ways to boost Foreign Direct Investment (FDI) into Nigeria.

 ADEMU JOSEPHINE and OTUYEMI ADETAYO, OF THE PRESS/PR DEPT SENT IN THE NEWS PIECE FOR THE MINISTRY.

Related Posts

How IPOB Funds Its Criminal Activities – FG

Extraordinaire News

FG Gives NFF Ultimatum on Sports Master Plan

Extraordinaire News

FG Secures N16bn Tax Credit Fund for Construction of Lagos-Ibadan Expressway

Extraordinaire News

2023: Dele Momodu in Charity Begins at Home Presidential Move

Extraordinaire News

As 2022 STI Expo Beckons, Onu Expresses Optimism on Nigeria’s Leap through Investor/Innovators Collaboration

Extraordinaire News

FIRS Surpasses 2021 Target, Rakes in N6.405trn into FG’s Purse

Extraordinaire News

Fire Safety Management: FG to Establish Arm Bearing Police

Extraordinaire News

Pantami Advocates Strengthening Guidance/Counseling, Harps on Skills Devpt

Extraordinaire News

NASENI Levy: The Imperative of Home-grown Tech and Urgency of Stakeholders’ Buy-in

Extraordinaire News

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.