FG Signs technical agreement with Germany to strengthen energy transition
…Receives 21m Euro energy fund
The Federal Government of Nigeria, has secured a pivotal agreement with Germany to fundamentally strengthen the technical foundations of its energy transition.
The landmark achievement was contained in new Joint Declaration of Intent on Bilateral Energy Transition Dialogue and Cooperation, endorsed at the Working Group on Power, Energy and Climate held in Germany during the week.
“This Joint Declaration is a game-changer for our national energy architecture,” stated Minister of Power, Chief Adebayo Adelabu, who represented Nigeria at the event.
“It moves our partnership with Germany beyond dialogue into the realm of concrete technical assistance, ensuring Nigeria receives the specialized expertise needed to build a robust, sustainable, and secure energy future for our people.”
The enhanced technical cooperation complements the long-standing Nigerian-German Energy Partnership meeting where both countries have before now reiterated their commitment to renewable energy and socio-economic development.
The long standing partnership between both countries also seeks to intensify existing close cooperation to advance energy
Security and renewable energy including energy efficiency for socio-economic development, in line with technology innovation and long-term decarbonisation targets.
The renewed partnership according to the Minister of power is already delivering tangible benefits, with Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) providing an additional 9 million Euros in 2024 to the “Nigeria Energy Support Programme (NESP)” and a further 12 million Euros for the newly launched “Energy Transition Challenge Fund (ETCF).”
The Minister welcomed the progress, noting, “the financial mechanisms, including the ‘Green Line of Credit’ for our SMEs and the mobilization of private investments through GET.invest, are critical enablers. When combined with the technical expertise now formalized in our Joint Declaration, we are building a comprehensive ecosystem for energy success.”
The Working Group also underscored the vital role of strategic partnerships between Nigerian and German companies and Highlighted the importance of the private sector for the energy relations between both countries.
In closing, Germany reiterated its desire for NGEP meetings to be held annually at the level of undersecretaries in the future, beginning from 2026.
