Nigeria, 12 Others to Get AfDB’s $3.9m Energy Support
The African Development Bank (AfDB) has approved a $3.9 million technical assistance project to support Nigeria and 12 other African countries in implementing their National Energy Compacts under Mission 300. This initiative aims to connect 300 million Africans to electricity by 2030.
The project, known as AESTAP Mission 300 Phase II, will provide direct technical support to the beneficiary countries over the next 24 months, enabling them to move from documented energy plans to actual electricity connections for homes, schools, hospitals, and businesses.
The countries benefiting from this phase are Chad, Gabon, Tanzania, Mauritania, the Democratic Republic of Congo, Kenya, Nigeria, Madagascar, Ethiopia, Malawi, Lesotho, Namibia, and Uganda.
According to Wale Shonibare, Director of Energy Financial Solutions, Policy and Regulation at AfDB, the project will help governments improve electricity regulations, planning, and tariffs to unlock investments. It will also strengthen utilities to deliver more reliable power and reduce losses.
This new project builds on the success of AESTAP Mission 300 Phase I, which provided $1 million to help countries establish Compact Delivery and Monitoring Units within their governments. These units coordinate energy reforms across ministries and track progress.
Mission 300 is a joint initiative by AfDB and the World Bank Group, aiming to connect 300 million Africans to electricity by 2030. The AfDB has committed to connecting 50 million people, while the World Bank Group aims to connect 250 million. #Nigeria, 12 Others to Get AfDB’s $3.9m Energy Support#
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