The Federal Government has launched the One-Stop Investment Platform (OSIP) for Renewable Energy and Energy Efficiency Investments in Nigeria.

The launch which is an inter-agency cooperation MoU on the Green Energy Investment Platform is guided within the Nigerian Energy Support Programme.

This was disclosed by the Rural Electrification Agency in a statement on Monday, after the signing of an Inter-Agency Cooperation MoU on the Green Energy Investment Platform.

According to it, the One Stop Investment Platform (OSIP) was also launched by the Rural Electrification Agency, the Nigerian Investment Promotion Commission, and the Ministry of Power.

“This OSIP platform is for Renewable Energy (RE) and Energy Efficiency (EE) in Nigeria. The Launch was conducted within the framework of the Nigerian Energy Support Programme (NESP), a technical assistance programme, co-funded by the EU and GIZ GMBH,” The REA said.

Ahmad Salihijo, Chief Executive Officer, Rural Electrification Agency said the platform would serve as a data hub for up to date information on Nigerian power and opportunities in the sector.

” I am happy that my team and I at the REA have had the opportunity to collaborate with the Giz GMBH, Nigerian Energy Support Programme,  Nigerian Export Promotion Council, and the Ministry of Power, right from the design stage of this very valuable project to the point where we now unveil it to the public,” he said.

“The OSIP platform serves as a hub for up-to-date information and opportunities in the Nigerian Power Sector. This allows stakeholders to have access to information on how best to do business in the renewable energy industry,” he added.

Media reports had it earlier that the Presidency had disclosed that an estimated 25 million Nigerians that will benefit from the Federal Government’s Solar Home Systems which is expected to commence this week will be expected to pay about N4,000 monthly over a 3-year period.

It also reported last month that the Ministry of Power is in talks with a consortium of Western Investors who are set to invest upwards of $5 billion in the Nigerian Power Sector with a major focus on the renewable energy sector.

Source Nairametrics

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