The Nigerian Electricity Regulatory Commission (NERC) has approved the application of a new regulation to stimulate investments that would give Nigeria up to 2000 megawatts (MW) of electricity generated from renewable energy sources in the next five years from now.
The new law, 'feed-in tariff regulations for renewable energy sourced electricity in Nigeria' was reportedly approved at the last regulatory meeting of the commission. A statement from the commission's Head of Public Communication, Dr. Usman Arabi, on Sunday in Abuja, explained that NERC envisaged that the country would generate at least 1000MW of electricity from the various renewable energy sources that she's endowed with by 2018.
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