According to a statement issued in Abuja on Wednesday by the assistant chief information officer, ministry of science and technology, Edet Etuk, the minister stated this when the executive of the International Energy Charter Mission Team on Energy Investment Risk Assessment paid him a courtesy visit.
The minister stated that his ministry is championing the study and research innovation into wind energy, biomass, solar and hydro that would enable the country to utilise renewable resources in energy production.
The minister also noted that Nigeria needed to broaden the base of her energy resources, noting that renewable energy was one area that the country has a tremendous advantage, whether in hydro, wind, solar, geothermal or biomass.
According to the minister, the federal government will create the enabling environment for the private sector to invest in the very vital area, adding that both legislative and regulatory frameworks would be provided by the government.
Onu further adds that the exploration of renewable energy had the potential not only to create jobs but also to generate more wealth as well as to reduce poverty in the rural areas.
He noted that crude oil might not meet the country’s energy needs in the future and stressed the urgent need to look at alternative sources of energy.
(Punch)
14 thoughts on “Federal government to explore alternative energy sources, minister says”