In a landmark move aimed at transforming Nigeria’s energy infrastructure and driving economic development, the Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, today signed a Memorandum of Understanding (MOU) with key government agencies to kickstart the National Public Sector Solarisation Initiative (NPSSI). The signing ceremony, held at the Budget Office headquarters in Abuja, marked a significant milestone in the country’s quest for sustainable energy solutions and innovative financing models.
The MOU was signed in collaboration with the Rural Electrification Agency (REA), the Ministry of Finance Incorporated (MOFI), and the Infrastructure Corporation of Nigeria (InfraCorp). The initiative seeks to deploy solar energy infrastructure across the nation, targeting 75.5 million Nigerians, while fostering local manufacturing, job creation, and skills development.
In his remarks, Mr. Tanimu Yakubu highlighted the importance of the NPSSI as a strategic partnership to bridge the energy gap and stimulate economic growth. “This initiative is a proof to our renewed commitment to leveraging innovative financing and sustainable solutions to address critical infrastructure challenges. By working with REA and MOFI, we aim to catalyze funding, build local competencies, and create a ripple effect across the economy,” he stated.
The Managing Director of the Rural Electrification Agency, Dr. Abba Abubakar Aliyu, emphasized the transformative potential of the initiative. “The NPSSI is not just about providing electricity; it’s about energizing education, empowering communities, and creating a sustainable future. By localizing supply chains and building local capabilities, we are planting the seeds for long-term growth and development,” he said.
Representing the Ministry of Finance Incorporated, Dr. Femi Ogunseinde, Executive Director of Investments, echoed these sentiments, stressing the need for fiscal sustainability and scalable projects. “This initiative is a blueprint for how public-private partnerships can drive large-scale impact. By focusing on local manufacturing and innovative funding models, we are laying the foundation for a resilient and self-sufficient economy,” he noted.
Dr. Lazarus Angbazo, Managing Director of the Infrastructure Corporation, also underscored the importance of the initiative in addressing critical infrastructure gaps. “The NPSSI is a bold step towards achieving energy security and economic prosperity. By leveraging local competencies and scalable solutions, we are setting the stage for a brighter future for all Nigerians,” he said.
The MOU was signed by the key stakeholders, including legal representation from Hajia Maryam Saleh Hassan of the Budget Office, marking a historic collaboration for Nigeria’s energy future.
The signing ceremony was attended by key directors from the Budget Office of the Federation, including Mrs. Modupeola Lasekan (Economic Expenditure), Mr. Muhammad Yusuf (Social Expenditure), Mr. Gajo Baidi (Budget Monitoring & Evaluation), Mrs. Nonye Onyekwu (Revenue & Fiscal Policy), and Mr. Isyaku Sani (Human Resource).
The NPSSI represents a groundbreaking effort to address Nigeria’s energy challenges while fostering economic growth, job creation, and sustainable development. With its focus on local manufacturing, innovative financing, and scalable solutions, the initiative is poised to transform the nation’s energy infrastructure and unlock new opportunities for millions of Nigerians.
As the country embarks on this ambitious journey, the NPSSI stands as a shining example of how collaboration, innovation, and strategic planning can drive meaningful change and pave the way for a brighter future.
Signed
Dr. Afolabi Olajuwon, fnipr
Head, Information & Public Relations
