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Oluwafemi Awodele
1 month ago
Overview
Nigeria is prepared to highlight key energy projects to enable it take advantage of the $40 billion World Bank and African Development Bank (AfDB) power finance initiative.
The World Bank Group and the African Development Bank Group are prepared to convene an Africa Energy Summit on January 27-28 to advance an ambitious plan to deliver electricity to 300 million Africans by 2030, in a bold step to address Africa’s persistent energy crisis.
The development banks have also announced terms for African countries to secure $40bn in power finance under the Mission 300 programme. About 13 countries will present their plans at the Mission 300 energy summit to be held in Tanzania at the end of January 2025. Nigeria, the Democratic Republic of Congo, Chad and Ivory Coast are among the countries presenting their plans at the conference.
source: https://leadership.ng/nigeria-to-leverage-40bn-world-bank-facility-for-energy-projects/
