$160k Clean Energy Project: 5 Key Benefits For Investors

By Cami Ezenwa

Climate friendly and Clean Energy Projects are increasingly in priority, especially given dangerous air pollutants leading to bronchitis, asthma and lung attacks.

In Nasarawa, government efforts in this direction has paid off, leading to a grant of a $160,000 from the African Climate Foundation.

The facility is to enable the state develop a Climate Investment Platform aimed at boosting clean energy solutions, thereby reducing the effects and challenges of climate change.

The Managing Director of Nasarawa State Investment Development Agency, Ibrahim Abdullahi, enumerated for participants at a stakeholders’ engagement on the CIP project in Lafia, on Tuesday, the advantages of the project.

He said the CIP would serve as a hub to pull together projects tailored to transitioning to cleaner energy solutions.

“Nasarawa is the first state in Nigeria to develop the CIP.

“It is a key component of a broader strategy to position Nasarawa State as a leading destination for climate-smart investment”, he stated.

The CIP project which is being implemented by Murty International would enhance climate-smart agriculture, construction and other climate-smart initiatives.

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“The project involves the development of strategic policy documents and action plans for emission reduction, and capacity building for businesses to support climate-smart investments. It will also help to guide climate action in Nasarawa State.”

A representative of Murty International, Sesan Adedapo, said the project would involve creating a science-based climate policy and action plan for Nasarawa State.

5 Key Benefits Of the Climate Change, Clean Energy Initiative

From the submissions of Adedapo and the Project Consultant, Dr Adnan Aminu, who spoke earlier, this climate change and clean energy initiative has 5 key components thus:

1. It is an attractive financing scheme, for local and international investors
2. It comes with technical assistance and capacity building for local businesses to adopt and implement energy-efficient technologies.

• The stakeholder engagement would collate/develop climate investment needs, priorities in key sectors – Agriculture, Transportation, Energy, Waste management, Commerce and Industry.

1. Interested stakeholders can buy into the project following mutually agreeable terms
2. Stakeholders would be able to identify local barriers to climate financing and opportunities for policy or regulatory improvement.