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

Unity–Providus Merger: Customers May Face Short-Term Disruptions

The proposed merger between Unity Bank Plc and Providus Bank Limited has entered its final stage, with integration activities underway following regulatory approval and shareholder backing. For customers, the main concern is likely to be short-term disruption as the two banks combine

Mugabe’s Son Arrested in South Africa Over Alleged Shooting

Bellarmine Chatunga, the son of former Zimbabwean leader Robert Mugabe, has been arrested in South Africa following an alleged shooting at his residence in Johannesburg. Police say the incident took place at his home in the upmarket Hyde Park suburb, where an

Nigeria-Germany Talks Raise Hopes for Power, Jobs, Security Gains

Millions of Nigerians struggling with unreliable electricity and limited job opportunities could see some relief after fresh talks between President Bola Tinubu and Germany’s Chancellor Friedrich Merz. In a brief phone call on Wednesday, the two leaders discussed closer cooperation on power,

EU Funding Boosts Nigeria’s Internet Expansion Plans

Faster and more reliable internet could soon reach millions of Nigerians after the European Union pledged €22m to support the country’s fibre-optic expansion. The funding, announced in Abuja, is part of the government’s Project BRIDGE initiative, which aims to extend broadband access
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

Aliko Dangote, Rabiu Abdulsamad’s Food Companies To Pay Shareholders N99.22 billion

High Operating Costs: BUA, Dangote, Lafarge Record Loss, Despite N526.52 billion Cement Revenue

Three major cement companies in Nigeria – Dangote Cement, Lafarge

FG, ASUU Seal Historic Deal, Lecturers to Receive 40% Salary Increase

The Federal Government has formally concluded a landmark agreement with