The House of Representatives Committee on Renewable Energy is set to commence investigative public hearing on the two billion dollar renewable energy grants and investments meant for the development of the renewable energy sector in Nigeria.
It is onserved that the reported huge investments has not made a commensurate impact on the energy security challenges in the nation.
According to a statement by Chairman of the committee, Hon. Victor Afam Victor, on Sunday in Abuja, the probe will cover the period from 2015 to 2024.
“Despite government attracting over $2 billion in renewable energy investments in the past decade, as reported by the Rural Electrification Agency in 2023, there has been no noticeable improvement in the sector.
“The House of Reps was alarmed that the dysfunctional electricity generation and supply system persists, contrary to the objectives behind government investments and grants aimed at developing the renewable energy sector, hence the resolution to probe these investments in order to determine the integrity of the procurement and execution processes”, he stated.
According to him, the investigation is not to witch-hunt but to discourage opaqueness and promote transparency and objectivity in handling government or public resources, thanking the European Union and other donor agencies for their useful submissions, insights and cooperation in sharing information with the committee.
The public hearing which is scheduled to hold on Tuesday, November 5 and Wednesday, November 6, 2024, follows the mandate given to the Committee by the House of Representatives on Thursday June 6, 2024, to investigate Ministries, Departments, and Agencies (MDAs) with dealings in investment, procurement, and receipt of grants for the development of the renewable energy sector.
