The African Development Bank is ready to disburse $250 million into the Nigeria Electrification Project, Minister of Power, Adebayo Adelabu, said on Thursday.
The NEP seeks to bridge the energy access deficit by providing electricity to households, MSMEs, and educational and healthcare facilities in unserved and underserved rural communities.
Adelabu shared this update on X (formerly known as Twitter), underscoring the fruitful outcome of a productive Bilateral Cooperation meeting held during the ongoing “Just Energy Transition and Agricultural Transformation for Africa” conference in Busan, South Korea.
This gathering, presided over by AfDB President, Dr. Akinwumi Adesina, brought together key stakeholders to discuss pivotal energy and agricultural transformations for the African continent.
The Minister tweeted, “This initiative aims to establish operational capacity across the entire value chain, facilitating project prioritization. AfDB also…