The Ambassador of France to Nigeria, Mr. Denys Gauer, said that the French Development Agency dedicated 370 million euros for soft loans to support the development of Nigeria’s power sector .
Gauer announced this at the sixth Nigerian Alternative Energy Expo in Abuja on Wednesday.
The expo, with the theme: “Embracing Sustainable Energy for Sustainable Growth,” was designed to forge new partnerships on how to develop further the power industry.
He said the French government was committed to supporting Nigeria’s effort to develop renewable energy in the country.
The envoy expressed the belief that an increase in the electricity production was key to the diversification of the country’s economy.
The French government has also committed finances to develop some renewable energy projects like solar projects in Osun and wind projects in Katsina states.
According to him, France has been committed to helping Nigeria and other African countries to develop its power sector.
“We have worked very closely with the Nigeria authorities; we have helped Nigeria participate in several multilateral initiatives on renewable initiatives.”
He said that the African initiatives for renewable energies were designed to increase the share for renewable energies from 28 to 48 per cent in 2017 for the whole ECOWAS region.
