Home Business FG, EU, German Govt Sign £17.9m Power Development Agreement
Business

FG, EU, German Govt Sign £17.9m Power Development Agreement

Share
FG, EU, German Govt Sign £17.9m Power Development Agreement | Daily Report Nigeria
Share

The Federal Government has signed an agreement with the European Union and the German Government to provide support worth £17.9m to fund Nigeria’s off-grid electricity project.

The project, launched under the third phase of the Nigerian Energy Support Programme, aims to foster investments in renewable energy, energy efficiency, and rural electrification.

According to the EU, the programme will enable 154,000 people to access electricity and connect 30,000 others to clean cooking gas, while eight megawatts of electricity will be generated in the third phase.

Inga Stefanowicz, Head of Section Green and Digital Economy at the European Union Delegation to Nigeria and ECOWAS, said, “Achieving a cleaner future is the business of all stakeholders.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

The EU has partnered with Nigeria to launch this goal for many years to achieve sustainable energy, energy security, energy efficiency, access, and clean energy.”

The Permanent Secretary of the Ministry of Power, Mahmuda Mamman, said the project will help close the gap of 100 million Nigerians not having access to electricity.

“Renewable energy is significant in addressing the challenges of providing electricity for the unserved rural communities in Nigeria,” he said.

READ ALSO: Rolls-Royce Designer: Ian Cameron Stabbed to Death in German Mansion

The NESP was commissioned in 2013 as a technical assistance programme co-funded by the European Union and the German Federal Ministry for Economic Cooperation and Development and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit in collaboration with the Federal Ministry of Power.

The programme’s third phase was commissioned by the German Federal Ministry for Economic Cooperation and Development with €8.9m Euros in May this year, and the EU has recently commissioned an additional €9m, increasing the total budget to €17.9m.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Dangote Refinery Gulps 13% of Nigeria Crude Exports – Report
Business

Dangote Refinery Slashes Petrol Prices by N15 Nationwide

Dangote Petroleum Refinery has reduced the pump price of petrol by N15...

CBN Reacts to Naira Devaluation
Business

CBN Retains Interest Rate at 27.50% 

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate...

JUST IN: Tinubu Bans Homosexuality, Owning Private Bussines, Others In Military
Business

FG Sees Early Wins from Economic Reforms, Eyes $1 Trillion Economy

The Federal Government says its economic reforms are yielding results, citing increased...

CBN Reacts to Naira Devaluation
Business

CBN Slashes FG Lending by Over N4tn, Ends Failed Intervention Era

  The Central Bank of Nigeria (CBN) reduced its net loans and...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush