•NVCCI and VINATOKEN JSC to identify viable green energy projects for local adoption
•Partnership aims to support clean power access, tech transfer, and climate goals
Nigeria is working to expand electricity access through renewable energy and is partnering with Vietnam to attract more private investment into the sector. As part of this effort, the Nigeria-Vietnam Chamber of Commerce and Industry (NVCCI) is preparing to host a renewable energy investment forum aimed at identifying high-potential green energy projects suited to Nigeria’s needs.
The forum, announced on June 12, will bring together public officials, private investors, and industry stakeholders to explore practical solutions for expanding Nigeria’s clean energy footprint.
This initiative is part of a wider partnership between NVCCI and Vietnamese green tech company VINATOKEN JSC. According to NVCCI President Oye Akinsemoyin, the collaboration is designed to draw on Vietnam’s expertise in renewable energy to help Nigeria address growing electricity demands.
“Renewable energy is a natural, green source of energy, and it attracts the attention of a large proportion of the energy market demand,” Akinsemoyin said, noting its advantages over fossil fuels such as oil and natural gas. He emphasized that the global energy market is steadily shifting toward renewables.
VINATOKEN JSC is active in several clean energy fields, including biodiesel production from used cooking oils and organic waste, solar panel distribution in Africa, and the development of hydro, bioenergy, and wind power projects. The company’s capabilities align with Nigeria’s goals to expand off-grid electricity access, recycle organic waste, and deploy solar solutions tailored to local conditions.
Over the past 15 months, NVCCI has invested several million nairas in laying the groundwork for this partnership, with the goal of facilitating technology transfer and building a sustainable, affordable local market for green energy.
In 2024, trade between Nigeria and Vietnam reached $1 billion, according to the Vietnamese embassy. This economic relationship underpins both countries’ efforts to deepen cooperation in the energy transition.
