Thursday
August 1
2024

African Development Bank Group Approves $500 Million Loan to Boost Electricity Access in Nigeria

The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal Republic of Nigeria, to finance the first phase of the Economic Governance and Energy Transition Support Program (EGET-SP), a new program aimed at accelerating transformation of the country’s electricity infrastructure and improving access to cleaner sources of energy.

Source: African Development Bank Group (link opens in a new window)

Categories
Energy, Transportation
Tags
energy access, infrastructure, lending, MSMEs, poverty alleviation