Friday, October 3, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

NSIA Launches $500m for Energy Investments for Nigeria

Chris AGABI by Chris AGABI
November 20, 2023
in Finance | Insurance | Pension, Top News
Reading Time: 2 mins read
0
NSIA Launches $500m for Energy Investments for Nigeria
Share on FacebookShare on Twitter

The Nigeria Sovereign Investment Authority (“NSIA”) has launched a $500m Renewables Investment Platform for Limitless Energy (“RIPLE”) for energy efficiency in Nigeria.

This transformative initiative according to a statement from NSIA is dedicated to the development, investment, and operation of renewable energy projects across the entire value chain.

Related posts

Nigeria’s Economy Requires More Than Short-term Interventions – Elumelu

Tony Elumelu Bags 2025 Appeal of Conscience Award 

October 2, 2025
Leadway Assurance Pays N67 Billion Claims in 2023

Leadway Pays Abot N500bn Claims in 9 Years

October 2, 2025

With RIPLE, NSIA is positioned to expand energy access, enhance energy efficiency and ensure energy security.

The launch of RIPLE is accompanied by the execution of a strategic partnership agreement that seeks to further redefine Nigeria’s energy landscape with the multilateral finance group – International Finance Corporation (“IFC”) – signals a joint commitment to advance renewable energy developments.

The pilot for this initiative is located within the Tokarawa Industrial Hub in Kano State and it involves setting up a generation and distribution system to meet 70MW of unsuppressed energy demands of industrial activities, commercial enterprises, and residential customers in an area covering about 9,000 connections.

“We are excited to partner with the International Finance Corporation to advance the transition to energy efficient solutions in Nigeria, an institution that shares our commitment to sustainable development, our focus is to empower the customers with a resilient and environmentally friendly energy solution that will optimize productivity and reduce carbon footprint ” said Mr. Yusuf Umar, Program Manager, RIPLE.

Dan Croft, Regional Manager Africa, IFC said, “Reliable electricity is crucial for improving quality of life, productivity, and economic growth in Nigeria. IFC is pleased to collaborate with our longstanding partner, NSIA, to develop and implement the first phase of this innovative energy solution which will reduce greenhouse gas emissions and reliance on fossil fuel. The energy solution will also deliver reliable power supply for commercial, residential as well as industrial use.”

Speaking on the partnership, Mr. Aminu Umar-Sadiq, MD & CEO, NSIA said, “The collaboration between NSIA and the IFC is a clear demonstration of NSIA’s dedication to sustainable energy transition in Nigeria. As the custodian of economic resources for current and future generations of Nigerians, tackling climate risks is integral to NSIA’s objectives. We recognize the many opportunities it offers for innovation, growth, and economic transformation.

RIPLE is another milestone initiative by NSIA in the climate sustainability asset class, having previously lunched Carbon Vista with Vitol and the Construction Finance Warehouse Facility.

Previous Post

Greenhouse Gas concentrations hit record high. Again –  Report 

Next Post

Troops foil terrorists’ attack on Yobe Governor Buni’s convoy

Next Post

Troops foil terrorists’ attack on Yobe Governor Buni’s convoy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

El-Rufai Is Stirring Discord In Northern Nigeria – Stop Him Now!

4 weeks ago
Contract Signing in Music Industry: Experts Share Insights on What Every Artiste Must Know

Contract Signing in Music Industry: Experts Share Insights on What Every Artiste Must Know

2 years ago
Respite for BDCs as CBN Extends Deadline for Temporary FX Sales

CBN Introduces New Charges on ATM Withdrawals

8 months ago
JTF OP Whirl Stroke Destroy Bandit Camp’s Recover Assorted Weapons In Benue State

JTF OP Whirl Stroke Destroy Bandit Camp’s Recover Assorted Weapons In Benue State

5 months ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Tony Elumelu Bags 2025 Appeal of Conscience Award 
  • Leadway Pays Abot N500bn Claims in 9 Years
  • Troops Crush Bandits Attack, Kill Two Terrorists in Taraba

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Nigeria’s Economy Requires More Than Short-term Interventions – Elumelu

Tony Elumelu Bags 2025 Appeal of Conscience Award 

October 2, 2025
Leadway Assurance Pays N67 Billion Claims in 2023

Leadway Pays Abot N500bn Claims in 9 Years

October 2, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion