The Ministry of Power has signed a Memorandum of Understanding (MoU) with its Water Resources and Sanitation counterpart for the implementation of the World Bank Sustainable Power and Irrigation Project for Nigeria (SPIN) program.

The signing ceremony which took place yesterday in Abuja, according to a statement by Special Adviser to the Minister of Power on Strategic Communication and Media Relations, Bolaji Tunji, marked a collaborative effort to harness Nigeria’s abundant hydropower potential.

According to him, the Minister of Power, Chief Adebayo Adelabu and his counterpart in Water Resources and Sanitation, Engineer Joseph Utsev, signed the MoU in the presence of senior government officials, development partners from the World Bank and other key stakeholders.

In his remarks, Adelabu highlighted the significance of SPIN in diversifying Nigeria’s energy mix, enhancing energy security, and combating climate change.

He noted that hydropower currently contributes about 20 percent of Nigeria’s grid supply, with a potential estimated at 14GW (14000 megawatts) of which only 15 percent has been tapped.

He said: “This collaboration underscores the Federal Government’s commitment to leveraging our natural resources for sustainable development.”