Energy firm, Privida Energy, has signed a Memorandum of Understanding with the Africa Leadership Forum to facilitate the development of renewable energy projects in order to reduce the cost of electricity for entrepreneurs in the country.
Representatives of both parties explained that the multi-facetted project would expose trainees to how solar power could be designed, generated, installed, marketed and maintained.
They stressed that the short-term alternative power source would provide small scale businesses and private users with constant supply of power through the use of solar technology.
The Executive Director, ALF, Olumide Ajayi, told intending trainees and other stakeholders that were present at the Central Bank of Nigeria’s Entrepreneurship Development Centre, South West zone, Ibadan, that the nation’s unemployment rate had widened consistently due to lack of regular power supply.
He said despite the zeal and creativity of the nation’s youth, the drive to contribute positively to the nation’s economy was doused by their inability to power their dreams to reality.