Dubai-based Elite Logistics & Development (L&D) Services has signed a strategic Memorandum of Understanding (MoU) with the Energy Commission of Nigeria (ECN) to promote Nigeria’s renewable energy goals through the local production of solar panels and the implementation of sustainable power solutions in underserved and remote communities across the country.
Under the terms of the MoU, Elite L&D Services will collaborate with the Energy Commission of Nigeria to establish solar panel manufacturing capacity, strengthen renewable energy infrastructure, and support off-grid and mini-grid electrification initiatives aimed at improving energy access in rural and hard-to-reach areas. As part of the initial implementation phase, Elite L&D Services has committed to mobilizing USD 10 million to fund a pilot project, which will serve as a proof of concept for scalable nationwide deployment.
This partnership reflects a shared commitment to reducing Nigeria’s energy deficit, promoting clean and affordable energy, creating employment opportunities, and supporting sustainable economic development in line with national energy policies and global climate goals.
Following the successful engagement in Nigeria, the investment summit will continue in South Africa, where stakeholders will engage international investors, development partners, and industry leaders to further attract foreign direct investment into Nigeria’s energy sector. These ongoing engagements form part of broader efforts to enhance Nigeria’s global investment profile, strengthen international partnerships, and position the country as a viable and attractive destination for renewable energy investment.
Executive-Level Key Benefits
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Expanded Energy Access: Deployment of reliable solar power to remote and underserved communities, strengthening national electrification efforts.
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Local Manufacturing & Job Creation: Establishment of in-country solar panel manufacturing, enabling technology transfer, skills development, and sustainable employment.
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Foreign Investment Mobilization: Initial USD 10 million pilot investment, serving as a catalyst for additional foreign direct investment into Nigeria’s renewable energy sector.
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Economic & Environmental Impact: Promotion of industrial growth while reducing carbon emissions through clean, affordable, and sustainable energy solutions.
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Global Positioning & Scalability: Enhanced international investor confidence and a scalable pilot model for nationwide and regional renewable energy expansion.
