Nigeria has struck a deal with LONGi of China, the world’s largest solar panel manufacturer, for the establishment of a factory in the country to boost local production of solar equipment.
Bayo Onanuga, special adviser to the President on Information and Strategy, in a statement on his X handle, said the Energy Commission of Nigeria (ECN) facilitated the landmark deal.
The deal was sealed on behalf of the federal government with LONGi of China during a follow up visit of federal government delegation to China after both parties had, earlier in the year, signed the memorandum of understanding.
Under the partnership, the world’s largest solar panel manufacturer agreed to set up a one thousand mega watts capacity solar panel production factory in the country to meet the growing demand for renewable energy.
Mustapha Abdullahi, director general of ECN, said the deal marks a significant milestone in the renewable energy landscape and aligns with Nigeria’s efforts to expand solar manufacturing capacity.
The Energy Commission of Nigeria is currently implementing the renewed hope solarisation programme of the present administration aimed at accelerating deployment of solar mini grids to public institutions across the country.
Read also: Nigeria, Angola Central Banks sign MoU to deepen bilateral technical cooperation
Abdullahi noted that the “establishment of solar panel production factory in the country, will boost implementation of the intervention as well as create jobs.”