Oyo signs MoU with Finnish consortium to Setup Energy Innovation Centre

The Oyo State Ministry of Energy and Mineral Resources on Wednesday signed a Memorandum of Understanding (MoU) with the Finnish Consortium, which included a number of listed companies, to establish an Energy Innovation Centre for Excellence in the state.

The MoU was signed on the sidelines of the Nigerian-American Business Forum holding in Tampa, Florida, United States of America.

The Oyo State Commissioner for Energy and Mineral Resources, Barr. Temilolu ‘Seun Ashamu, who signed the MoU on behalf of the Oyo State government in his remarks said that the signing was another step in the process to make Oyo State the hub for energy and mineral resources.

“We just signed a Memorandum of Understanding with the Finnish Consortium to establish an Energy Innovation Centre for Excellence in the state”.

“This MoU is another step in the process, which began in September 2019, to make Oyo State the hub for energy and mineral resources in the region.

“We also held meetings with Finland’s Ministry of Foreign Affairs and Finnish renewable energy businesses, who wish to establish presence in the state and other stakeholders in the collaborative process.

“Governor Seyi Makinde’s agenda, as stated in the Oyo State Roadmap for Accelerated Development 2019-2023, was clear about creating the Ministry of Energy & Mineral Resources. It was clearly stated that the Ministry of Energy & Mineral Resources’ mandate includes facilitating renewable energy research and development by establishing centres to develop the energy and mineral resources ecosystem.”

Also present at the signing were the State’s delegates to the Business Forum; Commissioner for Energy & Mineral Resources, Barr. Ashamu; Commissioner for Education, Barr. Sukanmi Olaleye and the Permanent Secretary, Ministry of Energy & Mineral Resources, Mr ‘Segun Ajekiigbe.