Three Nigerian-based Clean Energy Companies have collectively secured $17 million in Foreign Direct Investment (FDI).
It is under the United Kingdom (UK-funded) Manufacturing Africa Programme to expand renewable energy access in the country.
This was disclosed on Tuesday in Abuja by the Senior Press and Public Affairrs Officer Communications Lead, Prosperity and Economic Development, Ndidiamaka Eze.
Eze said the foreign direct investment support fund was given to boost and support the clean energy sector. It is to encourage Nigeria effort to expand access to renewable energy solutions.
“The UK-funded Manufacturing Africa programme has scored a significant win for Nigeria’s clean energy sector. Three companies in the programme’s portfolio—Arnergy, Koolboks, and BURN Manufacturing—have collectively secured $17m million in Foreign Direct Investment (FDI), boosting Nigeria’s efforts to expand access to renewable energy solutions,” the statement said.
“These investments will provide energy for more Nigerians, reduce carbon emissions, lead to the creation of 1,100 jobs, and support thousands of livelihoods. The three companies are sustainability trailblazers,” she added.
The fund would enhance Nigeria’s commitments toward boosting private-sector led economic growth.
“We’re funding the Manufacturing Africa programme to provide free advisory services to companies raising finance to expand their capabilities and create new jobs in Nigeria.”
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