The European Union and Germany have launched GET.invest Nigeria to boost renewable energy investments and expand electricity access, especiallyv in rural areas.
Announced in Lagos on Tuesday, the initiative aims to support Nigeria’s energy transition through sustainable financing.
At the launch, the Team Leader for Green and Digital Economy at the EU Delegation to Nigeria and ECOWAS, Ms. Inga Stefanowicz, highlighted the initiative’s role in addressing Nigeria’s power challenges.
“The EU remains committed to supporting Nigeria’s energy transition and sustainable growth. Reliable electricity is crucial for economic development, and unlocking finance for renewable energy solutions is vital to closing Nigeria’s energy access gap. Through GET.invest Nigeria, we aim to facilitate access to finance for renewable energy projects that will benefit businesses and communities across the country,” Stefanowicz stated.
GET.invest Nigeria aims to unlock financing for sustainable energy projects and businesses, offering tailored solutions to tackle the country’s unique energy challenges, according to the NAN.
The initiative, implemented by GIZ, will collaborate with other donor-funded programs, including the Nigerian Energy Support Programme (NESP), co-funded by the EU and Germany’s BMZ since 2013.
Speaking at the event, Mamman Mahmuda, Permanent Secretary of the Federal Ministry of Power, reiterated Nigeria’s commitment to a cleaner and more sustainable energy future. Represented by Assistant Director, Mr. Temitope Dina, he noted that the initiative’s launch comes at a crucial time in Nigeria’s energy transformation journey.
“With the right investments, policies, and technologies, we can create a cleaner, greener, and more resilient energy system. This transformation is not just a goal; it is a necessity for ensuring energy access for all Nigerians, reducing our dependence on fossil fuels, and enhancing our environmental stewardship,” he said.
Speaker of the House of Representatives, Tajudeen Abbas, urged investors to leverage the initiative, calling it a strategic and high-return investment opportunity.
“GET.invest Nigeria is our answer to some of the country’s challenges. It is also part of our commitment to innovation, sustainability, and resilience. The return on investment in Nigeria’s renewable energy sector is very promising, and we urge investors to take advantage of this initiative,” Abbas stated.
In his remark, the Consul General at the German Consulate in Lagos, Weert Börner, reaffirmed Germany’s commitment to sustainable economic development in Nigeria. He highlighted GET.invest Nigeria’s role in driving private sector investment in renewable energy.
“Germany is proud to co-fund GET.invest Nigeria as part of our broader partnership with Nigeria in fostering sustainable economic development. By supporting private sector investment in renewable energy, we aim to strengthen Nigeria’s clean energy ecosystem and contribute to long-term economic growth. We look forward to seeing this initiative help unlock new opportunities for businesses and communities alike,” Börner stated.
