Business A.M
No Result
View All Result
Thursday, February 12, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Nigeria to achieve 75% electricity access by 2020 as AfDB approves $1.5m for on-grid IPP solar power

by Chris
May 10, 2018
in Frontpage
Yemi Osinbajo, Nigeria Vice-President receives Amadou Hott, African Development Bank Vice-President for Power, Energy, Climate Change and Green Growth, and other African Development Bank Senior Managers in his office to discuss Nigeria’s Power Sector Recovery Programme (PSRP), State House Abuja
Yemi Osinbajo, Nigeria Vice-President receives Amadou Hott, African Development Bank Vice-President for Power, Energy, Climate Change and Green Growth, and other African Development Bank Senior Managers in his office to discuss Nigeria’s Power Sector Recovery Programme (PSRP), State House Abuja

The Nigerian government is on the path of achieving its national goals of reaching 75 percent electricity access by 2020 as it has received a $1.5 million support from the African Development Bank (AfDB) to electrifying unserved and underserved areas, particularly in the northern region where access rates are lowest.

Specifically, the AfDB’s board of directors approved a $1.5 million grant from the Sustainable Energy Fund for Africa (SEFA) to support the government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Programme.

The approved SEFA grant will support the completion of outstanding technical and feasibility studies and the design of a master plan for the entire program site.

Subject to the outcome of the technical and feasibility studies, the AfDB will provide additional support to the government in the form of funding of a transaction advisor to design and launch the competitive IPP procurement.

The government has committed to de-risking the program through the provision of land and common facilities including transmission facilities.

Commenting on the project, Amadou Hott, AfDB’s vice president for power, energy, climate and green growth, stressed that the approval solidifies the bank’s commitment to Nigeria in resolving the chronic power shortage and ensuring increased access to sustainable and cost-efficient power.

“It is important for us to deliver a seamless implementation and provide necessary support to the government to conduct an effective IPP procurement process,” he added.

An intergovernmental team led by Rural Electrification Agency of Nigeria will be the implementing agency for the grant.

Previous Post

How marketing can help tech start-ups survive

Next Post

Zenith Bank appoints Adam new chief finance officer

Next Post

Zenith Bank appoints Adam new chief finance officer

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026
Egbin Power targets youth employability with tech skills initiative

Egbin Power targets youth employability with tech skills initiative

February 10, 2026

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria faces cybersecurity emergency as breached accounts hit 23.3 million

Nigeria leads Africa in cyberattacks with 4,701 weekly hits per organisation

February 12, 2026
Nigeria customs approves Lagos Free Zone ‘Green Channel’ to accelerate trade logistics

Nigeria customs approves Lagos Free Zone ‘Green Channel’ to accelerate trade logistics

February 12, 2026
Bayern Munich emerges Europe’s most complete football club in data-led ranking

Bayern Munich emerges Europe’s most complete football club in data-led ranking

February 12, 2026
Capital reforms slow once-buoyant credit insurance market

Capital reforms slow once-buoyant credit insurance market

February 12, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

    0 shares
    Share 0 Tweet 0
  • Egbin Power targets youth employability with tech skills initiative

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria faces cybersecurity emergency as breached accounts hit 23.3 million

Nigeria leads Africa in cyberattacks with 4,701 weekly hits per organisation

February 12, 2026
Nigeria customs approves Lagos Free Zone ‘Green Channel’ to accelerate trade logistics

Nigeria customs approves Lagos Free Zone ‘Green Channel’ to accelerate trade logistics

February 12, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M