• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NSIA Flags Off $500m Renewable Investment To Propel Energy Transition

by Mark Itsibor
2 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Sovereign Investment Authority (NSIA) launched a $500 million Renewables Investment Platform for Limitless Energy (RIPLE) for the development, investment, and operation of renewable energy projects across the entire value chain in Nigeria.

Advertisement

NSIA says it is using the initiative as a position to expand energy access, enhance energy efficiency and ensure energy security.

The launch of RIPLE is accompanied by the execution of a strategic partnership agreement that seeks to further redefine Nigeria’s energy landscape with the multilateral finance group – International Finance Corporation (IFC). Both organisations described the agreement as a commitment to advance renewable energy developments in Nigeria.

The pilot for this initiative is located within the Tokarawa Industrial Hub in Kano State and it involves setting up a generation and distribution system to meet 70MW of unsuppressed energy demands of industrial activities, commercial enterprises, and residential customers in an area covering about 9,000 connections.

“We are excited to partner with the International Finance Corporation to advance the transition to energy efficient solutions in Nigeria, an institution that shares our commitment to sustainable development, our focus is to empower the customers with a resilient and environmentally friendly energy solution that will optimise productivity and reduce carbon footprint” said the programme manager, RIPLE, Mr. Yusuf Umar.

RELATED

Ways To Retain Existing Customers For Business  Continuity

5 Listed Firms Raise N108bn Commercial Paper To Boost Working Capital

4 hours ago
Surging Food Prices, Transport Fare Mar Sallah Celebrations

Sallah: Business Owners Lament Low Patronage, Urge Govt’s Action

4 hours ago

Regional manager, Africa at IFC, Dan Croft said, “Reliable electricity is crucial for improving quality of life, productivity, and economic growth in Nigeria. IFC is pleased to collaborate with our longstanding partner, NSIA, to develop and implement the first phase of this innovative energy solution which will reduce greenhouse gas emissions and reliance on fossil fuel. The energy solution will also deliver reliable power supply for commercial, residential as well as industrial use.”

He said the funds for the execution of the project were already on the way.

Speaking on the partnership, managing director & CEO of NSIA, Mr. Aminu Umar-Sadiq, said the collaboration between NSIA and the IFC is a clear demonstration of NSIA’s dedication to sustainable energy transition in Nigeria.

“As the custodian of economic resources for current and future generations of Nigerians, tackling climate risks is integral to NSIA’s objectives. We recognize the many opportunities it offers for innovation, growth, and economic transformation.

“RIPLE is another milestone initiative by NSIA in the climate sustainability asset class, having previously launched Carbon Vista with Vitol and the Construction Finance Warehouse Facility,” he said at the signing ceremony in Abuja at the weekend.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

Appeal Court Verdict: Police Warn Against Planned Protest In Kano

Next Post

Microsoft Hires Sacked OpenAI CEO Altman

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Ways To Retain Existing Customers For Business  Continuity
Business

5 Listed Firms Raise N108bn Commercial Paper To Boost Working Capital

2025/06/09
Surging Food Prices, Transport Fare Mar Sallah Celebrations
Business

Sallah: Business Owners Lament Low Patronage, Urge Govt’s Action

2025/06/09
Forex Inflow Dip 58.1% To $1.2bn In Official Market
Business

Forex Inflow Rises 62% To $5.96bn In May

2025/06/09
Dangote Refinery’s Completion To Make Naira Stronger
Business

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

2025/06/08
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

2025/06/08
JUST IN: Nigerian Stocks End 8-Day Gains As Banks Slide
Business

‘Dangote Petrochemicals Listing To Boost Nigeria’s Stock Market’

2025/06/08
Leadership Conference advertisement

LATEST

Stakeholders To Advance Clean Cooking Solutions In Nigeria

5 Listed Firms Raise N108bn Commercial Paper To Boost Working Capital

Sallah: Business Owners Lament Low Patronage, Urge Govt’s Action

Forex Inflow Rises 62% To $5.96bn In May

Japa: The Courage And Cost Of Nigeria’s Great Exodus

Sickle Cell: Experts Push For Gene Therapy As Nigeria Bears Highest Burden Globally

Review Appointment Of Alleged APC Members As REC, SERAP Tells Tinubu

Seven Tips On How To Break Soda Addiction

Jibril Aminu: Exit Of A Rare Breed

Operation Safe Haven Poised To Rid Plateau, Others Of Criminal Elements

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.