The Federal Government has secured a $1.1 billion loan from African Development Bank (AfDB) to provide electricity for 5 million people by the end of 2026.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, who made this disclosure in a statement, says President Bola Ahmed Tinubu made this known at the just concluded two-day Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania.
Tinubu also submits that the AfDB’s 200 million dollars in the Nigeria Electrification Project would provide electricity for 500,000 people by the end of 2025.
Meanwhile, the President is also expecting to get the planned $1.2 billion AfDB investment in Nigeria’s Desert-to-Power programme and facility for the Nigeria -Grid Battery Energy Storage System.
-9News Nigeria.
