The Federal Government has committed N450 billion to advancing renewable energy and reducing poverty.
Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Yilwatda, stated this at the national budget roundtable and panel discussion at Covenant University, Ota, Ogun State.
According to Yilwatda, the government is investing in renewable energy to reduce this gap and lift more Nigerians out of poverty.
Of the N450 billion budgeted, N200 billion is allocated to renewable energy infrastructure.
He said Another N150 billion will be used to support the development of solar, wind, hydro, and coal-based energy systems — targeting access for 5 million households by the end of 2025.
