Hurdles for 13,000mw target, as FG launches phase 3

Some critical renewable energy projects for generating 13,000 megawatts (mw) of electricity and reduce harmful emissions by 29,774 tonnes over 12 years are being delayed due to releases of funds under the N25 billion Green Bonds, Nigeria. This is despite a 220 per cent oversubscription rate when they were issued in 2017 and June 2019. The Federal Government further plans to roll out the third phase of the bond by March 2020, investigation by Daily Trust on Sunday reveals.

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