At the first Nigerian Innovation Forum in renewable energy topic 2025 which was held in Abuja, the Vice President, Kashim Shettima announced that federal government has announced that more than $400 million in new investment commitments in renewable energies will be formalized in the next two days.

The planned investments will make it possible to strengthen the renewable energy manufacturing value chain in Nigeria. According to the vice president, this initiative aims to deepen local manufacturing and innovation in the renewable energy sector in Nigeria. Les investments, mobilized thanks to commitments facilitated by the forum, will finance the creation of solar panel assembly plants, lines for the production of smart meters and storage facilities and battery recycling in several states.

Kashim Shettima also said that this will be part of efforts to reverse the trend in the import of solar panels over the past few days and to strengthen local manufacturing in accordance with the Nigeria First policy of the current administration.

“These investments are expected to create over 1,500 direct jobs in several states and attest to the world's growing confidence in strategy of industrialization of clean energies in Nigeria. I am convinced that each of us gathered here is committed to ensuring that the results of this forum are not limited to press releases, but result in factories, jobs, electrified schools, thriving rural businesses and resilient communities powered by clean energy” he hinted.