Clean technology is set to transform agriculture and rural development across Nigeria and other developing nations by creating new, sustainable income streams for farmers and MSMEs, the Chief Executive Officer of SMEFUNDS, Dr. Femi Oye, has said.
According to the Clean Energy Trade and Emerging Markets Report, emerging economies are rapidly expanding clean energy deployment while strengthening domestic manufacturing capacity for key technologies. The report noted that exports from China to Asia, Africa, and Latin America are growing significantly, with the availability of affordable solar panels, batteries, and electric vehicles accelerating the shift to clean energy in power generation, storage, and transportation.
Speaking on the rising global momentum for green technology, Oye said the current renewable energy transition presents Africa with a rare opportunity to combine agricultural productivity with clean energy innovation.
He stated that clean technology can help build a new energy system for agriculture and rural development across Nigeria and other developing nations. “It is time for Nigeria and other developing countries to support private-sector efforts that integrate solar power with agriculture. This will not only increase farmers’ incomes but also accelerate the energy transition,” Oye said.
His remarks come as Vietnam launches its first agriculture-solar project tagged the Agri-PV initiative designed to boost rural incomes and promote sustainable farming. The project aims to deploy at least ten pilot agricultural solar plants between 2025 and 2027.
