x

Nigeria and China Sign €7.6 Billion Clean Energy Deal

Michael Onjewu, Abuja

Nigeria and China have formalized a €7.6 billion green hydrogen energy agreement aimed at transitioning from fossil fuels to clean energy.

The deal, signed over the weekend, marks a vital step in aligning with global best practices for environmental sustainability.

The agreement was executed in Uyo, the capital of Akwa Ibom State, between the Federal Government, APPL Hydrogen Limited (AHL), and LONGi Green Energy Technology Company Limited (LGETCL) from China.

Chief Uche Nnaji, the Minister of Innovation, Science and Technology, represented the Federal Government, while Mr. Idara Ekpo, the Chief Visionary Officer (CVO) of AHL, endorsed the agreement for his company. The Chinese delegation was led by Francois Cui, Vice President of LONGi (Europe).

The green hydrogen project will be situated within the Liberty Free Trade Zone (LFTZ) at Atabrikang in Ibeno Local Government Area of Akwa Ibom State. The signing ceremony also included key figures from LONGi, such as Monica Ping (Technical Director for Europe), Jim Huang (General Manager for Europe), and Arinze Onyeabo (Business Development Director for West Africa/Technical Manager for Europe).

In his remarks, Minister Nnaji said the agreement emphasizes the Federal Government’s commitment to advancing renewable energy, industrialization, and technology-driven innovation as essential components of economic growth.

“The project represents a significant step in Nigeria’s journey towards a sustainable energy future,” he said.

As the global energy landscape shifts toward cleaner alternatives, Nnaji highlighted the project’s potential to position Nigeria at the forefront of green energy innovation, particularly in the production of green hydrogen, green methanol, and green ammonia.

Nnaji outlined several benefits of integrating science and technology in the energy sector, including Industrial Development,  Job Creation, Foreign Investment Attraction and Global Energy Market Positioning.

The AHL project aligns with national priorities, particularly in developing a robust research and development ecosystem that supports sustainable energy solutions. Nnaji also stressed the importance of collaboration between public and private sector stakeholders to ensure the project’s success.

Alhaji Bamanga Usman Jada, Managing Director of the Oil and Gas Free Trade Zone Authority, described the project as one that will diversify Nigeria’s economy, stimulate exports, and address foreign exchange challenges.

“It will lead to technology transfer, create massive employment for our people, and it is environmentally friendly and sustainable,” he added.

Idara Ekpo, CVO of APPL Hydrogen Limited, further explained that the company is venturing into the green hydrogen project as part of a global movement towards green hydrogen solutions to combat climate change.

Hot this week

UK Award: Dungurawa Congratulates Kwankwaso, Describes Him as an Achiever

By Jabiru HassanA political ally and frontline supporter, ,...

NUC Accredits 27 Courses in PAAU, Anyigba

From Noah Ocheni, LokojaThe National Universities Commission (NUC) has...

NCA Urges Probe of Alleged ₦2m Bounty on Pastor, Warns of Security Risks

By Achadu Gabriel, KadunaThe Northern Christian Association (NCA)...

Bayelsa IPAC Elects, Inaugurates New Executive Committee

The Inter-Party Advisory Council (IPAC), the umbrella body of...

Oborevwori Pledges To Prioritise Investments In Renewable Energy

By Anne AzukaDelta State Governor, Rt. Hon. Sheriff...

Investigate Bribery Allegation Involving Defence Minister, Rising Insecurity-CACOL

By Jabiru Hassan.The Centre for Anti-Corruption and Open Leadership...

FUO VC Seeks Lower Transport Fares For Staff, Students

The Vice-Chancellor of Federal University Otuoke (FUO), Professor Promise...

Women Group Applauds Olukoyede, Seeks Collaboration in Fight against Corruption

By Francis WilfredThe President, Women Community in...

Security Situation Has Improved As Boko Haram Weakens – SGF Akume

… As Fulbe group pledges massive grassroots support for...

APC Aspirant John Chun Consults Stakeholders in Zabot Ahead of Primaries

By Israel Adamu, JosA House of Representatives aspirant for...

Related Articles

Popular Categories

spot_imgspot_img