Energy grants totaling $2 billion are under scrutiny as Nigeria’s House of Representatives launches an investigation into their usage.
Committee Chairman Rep. Victor Afam, announced a public hearing for Tuesday and Wednesday in Abuja, questioning why these investments have not improved the country’s electricity reliability.
The House of Representatives Committee on Renewable Energy has voiced strong concerns about Nigeria’s renewable energy investments, announcing an investigation into the use of $2 billion in grants allocated for this sector.
Congressional Inquiry Into $2 Billion In Renewable Energy Grants
The Committee’s Chair, Representative Victor Afam from Anambra, issued a statement on Sunday in Abuja, outlining plans for a public hearing on Tuesday, November 5 and Wednesday, November 6.
The hearing will examine grant spending over the period from 2015 to 2024.
Meanwhile, Rep. Afam expressed disappointment with the limited impact of renewable energy funding on Nigeria’s energy security, pointing out that, despite significant financial investment, there has been little visible improvement in the country’s energy challenges.
As a result, this has left the renewable energy sector’s progress well below expectations.
Therefore, the committee intends to investigate various government agencies involved in the investment, procurement, and distribution of grants for renewable energy projects.
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“People across Nigeria are rightly frustrated with the unreliable electricity supply.
It’s clear that officials have not used funds meant to address this issue effectively,” Afam remarked.
“In this way, this investigation gives us the chance to demand accountability and ensure that public officials manage resources with transparency.”
Additionally, the committee has invited stakeholders to attend the hearing and share their perspectives.
Afam also expressed his gratitude to the European Union and other international donors who have contributed valuable information to assist in the inquiry.
Ultimately, the committee aims to identify the reasons behind the sector’s underperformance, with the goal of encouraging more responsible management of resources and a clearer path towards a secure energy future for Nigeria.
