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Niger stakeholders predict Bago’s solar-energy initiative will boost investor confidence

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Niger State stakeholders praise Governor Bago's solar energy initiative, predicting it will boost investor confidence.
  • The project, involving 500 hectares for solar power and leveraging gas resources, aims to transform the state into an industrial hub.
  • Investors are reportedly flocking to Niger State, increasing internally generated revenue and signaling economic development.

Niger State stakeholders are hailing Governor Mohammed Bago's ambitious solar energy project, anticipating it will significantly enhance investor confidence and drive economic growth. The initiative aims to provide an alternative electricity supply, alleviating residents' suffering and positioning the state as a prime destination for investment.

the allocation of 500 hectares of land to the company would drive unprecedented economic development in Niger State and leave a lasting legacy by attracting massive investments into the state.

— Joseph TegbeThe Minister of Power commended Governor Bago's initiative.

The solar electricity project has quickly become a "money spinner" for Niger State, attracting numerous investors eager to participate. This influx has boosted the government's internally generated revenue. The Minister of Power, Joseph Tegbe, lauded Governor Bago's "industrial statesmanship," noting that the allocation of 500 hectares for the solar project will spur "unprecedented economic development" and create a lasting legacy.

it demonstrated the state’s commitment to attracting private investment and creating lasting economic opportunities.

— Joseph TegbeThe Minister of Power described the land allocation as an act of 'industrial statesmanship'.

Governor Bago stated that the investment signifies a commitment to transforming Niger State into a leading industrial destination. He highlighted the state's potential, citing its vast land for solar development, gas resources from the AKK pipeline, and existing hydropower dams including Kainji, Jebba, Zungeru, and Shiroro. "What we are witnessing today is more than a ceremony; it is a clear declaration of our unwavering commitment to transforming Niger State into a leading investment destination of choice for sustainable economic growth," Bago said.

the investment is a demonstration of his commitment to transform Niger state into a leading industrial destination.

— Mohammed BagoGovernor Bago explained the significance of the solar project during the groundbreaking ceremony.

Stakeholders expressed surprise at the project's extensive positive outcomes, recalling that the governor initially proposed solar power as a mere alternative supply during a press conference addressing epileptic power from the Abuja Electrical Power Company. The governor subsequently partnered with federal agencies and the private sector to construct the solar panels, which now power industrial parks and rural mini-grids.

What we are witnessing today is more than a ceremony; it is a clear declaration of our unwavering commitment to transforming Niger State into a leading investment destination of choice for sustainable economic growth. It is an indication that our vision of building a New Niger is not only a promise, but is steadily becoming a reality.

— Mohammed BagoThe governor emphasized his vision for the state's economic future.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.