The African Development Bank (AfDB) will invest $200 million to spur power supply in
Nigeria through mini-grids.
According to the AfDB, it is very active in Nigeria’s power sector and is ready to do more.
The bank also noted that it is aware of the issues in the sector and is working with key
players and regulators to bolster Nigeria’s energy industry.
“We are supporting the program to roll out mini-grids across the country and also to
encourage productive use of the grids to upgrade communities,” said AfDB’s Acting Vice
President for Power, Energy, Climate and Green Growth Complex, Wale Shonibare.
The bank is also involved in Nigeria’s transmission sector and has allocated $410 million to
support a transmission project. The AfDB board has already approved $200 million for phase
one to improve the transmission lines and provision of sub-stations.