Federal Executive Council, chaired by President Goodluck Jonathan has approved the draft of National Policy on Renewable Energy and Energy Efficiency for the nation.
Minister of Power, Prof Chinedu Nebo who briefed State House Correspondents after yesterday’s meeting alongside his Information counterpart, Patricia Akwashiki said the country had hydro, solar, wind and other sources of energy in abundance, hence the need for a policy on renewable energy.
The policy according to Nebo, would boost electricity supply, improve energy mix and security as well as energy security.
The Minister added that the new policy will also create new job opportunities for Nigerians.
“The overall objective of the policy is to increase access using renewable energy mix, create new business opportunities and new jobs, support global efforts towards green economies and addressing climate change problems.
“In addition, the policy will also promote and encourage efficient use of energy and energy conservation in Nigeria.
“After due consideration, council approved the Draft National Policy on Renewable Energy and Efficiency for Nigeria,” the minister said.

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