AfDB Approves Fresh $500m Loan for Nigeria’s Energy Reforms

AFDB Approves $500m Loan for Nigeria - Tech

The African Development Bank Group (AfDB), has approved a new $500m loan to support Nigeria’s ongoing economic and energy reform initiatives. The funding will back the second phase of the Economic Governance and Energy Transition Support Programme, which focuses on improving fiscal management, strengthening climate-related policies, and promoting key changes in the power sector. According to a statement released on Wednesday by Alexis Adélé from…

AfDB approves fresh $500m loan for Nigeria’s energy reforms

The African Development Bank has approved a new $500 million loan for Nigeria, to support the country's ongoing energy reforms and fiscal policy improvements.

AfDB Approves $500M Loan for Nigeria’s Energy Transition Programme

The African Development Bank (AfDB) Group has granted a $500 million loan to the Nigerian government to fund the second phase of its Economic Governance and Energy Transition Support Programme (EGET-SP). EGET-SP is designed to accelerate the modernization of Nigeria’s electricity infrastructure and expand access to cleaner, more sustainable energy sources. The programme forms a […] The post AfDB Approves $500M Loan for Nigeria’s Energy Transitio…

AfDB approves $500 million loan for Nigeria’s economic reforms and energy transition

The African Development Bank Group has approved a $500 million loan to the Federal Government of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The post AfDB approves $500 million loan for Nigeria’s economic reforms and energy transition  appeared first on Nairametrics.

Nigeria: African Development Bank Group loans $500 million to support economic governance and energy transition

The Board of Directors of the African Development Bank Group (www.AfDB.org), meeting in Abidjan, approved a $500 million loan to the Government of the Federal Republic of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The policy-based operation is for fiscal years 2024 and 2025. “The second phase of the programme aims to stimulate inclusive growth by accelerating structural reforms in the …

AfDB approves $500m loan to support second phase of Nigeria’s energy transition programme

The African Development Bank (AfDB) Group has approved a $500 million loan to the federal government to finance the second phase of its economic governance and energy transition support programme (EGET-SP).   EGET-SP is an initiative aimed at accelerating the transformation of the country’s electricity infrastructure and improving access to cleaner sources of energy.   On August 24, 2022, the federal government launched Nigeria’s energy transiti…