Producing Sola Cells Locally Will Cause 60% Price Reduction – Minister

July 16, 2021
by
Ogbonnaya Onu
Ogbonnaya Onu

Producing solar cells locally will help reduce price of solar panels by 60 per cent and contribute to Nigeria’s transition into a green economy, the Minister of Science and Technology, Dr Ogbonnaya Onu, has said.

Onu said this while speaking at a virtual meeting with the Director-General of the International Renewable Energy Agency (IRENA), Mr Francesco La Camera, according to a statement on Thursday titled ‘Onu calls for indigenous solar cell production’.

Join our WhatsApp Channel

The statement quoted the minister as saying the production of indigenous solar cells would have a positive attendant effect on many industries in the country.

He called for the assistance of IRENA on institutional capacity building for research in enhancing green hydrogen energy.

“We want to make our solar cells in Nigeria; more foreign investors should be encouraged to come into Nigeria, which has a huge market of 200 million people,” Onu said.

The IRENA DG assured the minister that the agency would collaborate with Nigeria in developing renewable energy and boosting foreign direct Investment.

+ posts

Featured Stories

Latest from News

African Countries With The Largest Proven Oil Reserves In 2025

Markets Fall as Iran Signals New Chance for Nuclear Talks

Global shares slipped and oil prices fell on Tuesday after Iran offered a cautiously positive response in nuclear talks with US officials in Geneva, easing tensions that had surged following President Donald Trump’s recent threats. Iranian Foreign Minister Abbas Araghchi said “a

Epstein files: How New Disclosures Are Shaking Washington

Former US Secretary of State Hillary Clinton has accused the administration of Donald Trump of a “cover-up” over its handling of files linked to the late financier and convicted sex offender Jeffrey Epstein, as a fresh wave of disclosures continues to unsettle
El Rufai

EFCC Detains El-Rufai Over Corruption Allegations

Former Kaduna State Governor and African Democratic Congress (ADC) chieftain, Mallam Nasiru El-Rufai, has been detained by the Economic and Financial Crimes Commission (EFCC) in Abuja, amid ongoing investigations into alleged financial mismanagement during his eight-year tenure from 2015 to 2023. Highly placed
PDP 1
Previous Story

Confusion, As Court Restrains INEC From Publishing Name Of PDP Candidate In Anambra

Gov. Lalong
Next Story

Lalong Grants Financial Autonomy To Plateau Judiciary, Legislature

Don't Miss

Champion Breweries, MTN, Others Increase Nigerian Stock Market Valuation By N1.15trn

Champion Breweries topped the list of gainers, and the Northern
President Macron Calls Emergency Meeting As Protest Over Teenager’s Death Batters France

President Macron Calls Emergency Meeting As Protest Over Teenager’s Death Batters France

The president of France, Emmanuel Macron has called for an