Africa Development Bank Group approves $500m loan to Nigeria for Energy Transition Support Program.

Africa Development Bank Group approves $500m loan to Nigeria for first phase of Economic Governance and Energy Transition Support Program. Funds aim to boost electricity access, accelerate infrastructure transformation, and improve access to cleaner energy sources, supporting the country's Electricity Act and Nigeria Energy Transition Plan goals. By 2050, the plan aims to add 250GW installed capacity with 90% renewable energy sources.

August 01, 2024
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