CEM REPORT | The Federal Executive Council (FEC), has approved 2022 Revised National Energy Policy (NEP) and National Energy Master Plan (NEMP).
This was revealed by the Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu, while speaking to journalists after the document was approved, said the policy and master plan will impact the country’s energy sector tremendously, adding that it would enable Nigeria to take full advantage of available sources of energy in the country.
“Nigeria has an abundance of crude oil, fossil fuels and variants of renewable energy (solar, hydro, wind, geothermal and biomass) in commercial quantities. A good mix of all these will greatly improve the energy supply in the country.”
Director-General, Energy Commission of Nigeria (ECN), Prof. Eli Bala, commenting said, the revised NEP and the NEMP policy would enhance performance in the energy sector through proper coordination as the policy would provide an instrument for the coordination of the implementation of government policies.
He added that NEMP is a roadmap for the implementation of NEP that seeks to convert its strategies to actionable programmes, activities and projects with timelines.
He also said NEP energy policy serves and covers all energy sub-sectors and gives the Federal Government appropriate policy direction in the exploitation of its energy resources for national energy security and development in an environmentally sustainable manner.
NEP and NEMP were developed by the Energy Commission of Nigeria (ECN), a parastatal under the Federal Ministry of Science, Technology and Innovation.