BUSINESS
NEDC PROPOSES ₦100 BILLION SOLAR POWER PROJECT FOR NORTH-EAST
The North East Development Commission (NEDC) has proposed a ₦100 billion solar power project aimed at expanding electricity access and supporting economic development across Nigeria's North-East region.
The proposed project is expected to provide reliable and sustainable energy for homes, businesses, public institutions, and communities, while reducing dependence on conventional power sources.
According to the commission, the initiative forms part of broader efforts to accelerate the region's reconstruction, improve infrastructure, and stimulate economic activities through increased access to clean energy.
Energy experts said large-scale investment in solar power could help address persistent electricity shortages, lower energy costs, and support the growth of small businesses and industries across the region.
They added that the project aligns with Nigeria's renewable energy goals and could create employment opportunities while promoting environmental sustainability.
The NEDC reaffirmed its commitment to driving long-term development in the North-East through strategic investments in infrastructure, renewable energy, and projects that improve the quality of life for residents.