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Western Africa

Nigeria Gets US$500 Million For Energy And Economic Support

Programme includes support for development of 250GW capacity by 2050.


By Sneha Abraham
The Nigerian government has been granted a US$500 million loan from the African Development Bank (AfDB) for the first phase of its Economic Governance and Energy Transition Support Programme (EGET-SP).The programme will support the implementation of Nigeria’s new Electricity Act, which was passed in June 2023 to decentralise the electricity

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