Osinbajo spoke in his
office at the State House in Abuja on Thursday when a delegation led by Indian
High Commissioner in Nigeria, Nagabhushana Reddy, paid him a visit.
Vice President Yemi
Osinbajo yesterday welcomed the $100 million credit facility from India for
development of Nigeria’s power sector.
The vice president, who
called for more active engagement between Nigeria and India, said there
opportunities abound for both countries in areas of agriculture and technology.
He also noted that
diplomatic and economic relationship between both countries had been extremely
good.
Mr. Osinbajo said the
federal government expected to achieve a 50 percent target reliance on
renewable energy for the power sector by 2020.
“We are doing some
expandable work in solar energy adding about 1000MW of solar. We are looking at
50% reliance on renewable energy sources by 2020. The Buhari Presidency is
determined to improve access to electricity for our people”, he said.
In his remarks, Reddy said
his country supported President Muhammadu Buhari’s administration’s economic
plan.
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