African Development Bank launches Nigerian electrification project
Development Bank is working with the Government of Nigeria to launch the National Electrification Project (NEP) to provide Nigeria’s underserved communities with sustainable energy solutions.
The project is to be implemented by Nigeria’s Rural Electrification Agency as part of a target to achieve universal energy access by 2030.
A $200 million fund from the Bank and Africa Growing Together Fund (AGTF) will be channelled into off-grid and mini-grid solutions.
“Over 500,000 people will have access to approximately 76.5 MW of increased installed power, of which 68 MW will be solar generated,” said Wale Shonibare, African Development Bank’s Vice President for Power, Energy, Climate Change and Green Growth.