The World Bank has recently unveiled an ambitious plan to contribute an additional $750 million to the Nigeria Electrification Project (NEP), aiming to bolster access to electricity in the country. This move comes as Nigeria intensifies efforts to enhance its electrification initiatives and address the pressing need for reliable power supply. With Nigeria spearheading advancements in small grid development, Ms. Elizabeth Huybens, the World Bank’s Director of Strategy and Operations for Western Central African Region, emphasized the paramount importance of universal electricity access in fostering economic growth and eradicating poverty.
During her visit to the Kilankwa Community in Kwali Area Council, Abuja, Ms. Elizabeth Huybens unveiled the World Bank’s commitment to the NEP. The project under her inspection is a 60 KiloWatts Mini Grid, an integral part of the ongoing national electrification initiative funded with approximately $350 million, nearing completion. As this project nears its end, the World Bank gears up to launch a successor project with a substantial budget of $750 million, further solidifying its unwavering support for Nigeria’s electrification objectives.
Our Data Prices On JMData:
- MTN SME 1: N255 per 1GB
- MTN SME 2: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: [JMData] https://play.google.com/store/apps/details?id=com.encrypted.jmdata
JOIN MAJOR TELEGRAM MINING
This Mining is the next after #DOGS, Don't Miss it Out
Use this link below to Join 👇👇👇👇👇
https://t.me/major/start?startapp=5289508979
Ms. Huybens highlighted the significance of decentralized electrification solutions showcased by the Kilankwa project. By implementing mini grids, this initiative enables swift and widespread electricity access, surpassing the limitations of conventional grid extensions. Recognizing electricity’s pivotal role in modern living, she emphasized its significance in powering daily activities, such as charging cell phones, and facilitating the adoption of electric vehicles.
Ahmad Salihijo, the Managing Director of the Rural Electrification Agency (REA), commended the Kilankwa project for its impact on approximately 300 households and businesses. He attributed the project’s success to the World Bank’s Performance-Based Grant, an essential component of the NEP that has facilitated the development of this model electrification project.
Nigeria has been proactively devising strategies to bridge its electricity gap and enhance the overall well-being of its citizens. Collaborating with the World Bank allows the nation to leverage global expertise and financial resources to achieve its electrification targets. The substantial investment of $750 million reinforces Nigeria’s resolve to expand electricity access, stimulate economic growth, and alleviate poverty.
Trending: How To Apply for the Sultan of Sales Program at Sterling and Unleash Your Sales Superpowers
The World Bank’s generous investment in Nigeria’s electrification endeavors underscores the value of sustainable energy solutions in driving economic development and combating poverty. Nigeria’s pioneering role in small grid development further positions the country as an influential advocate for innovative solutions to address electricity shortages.
The World Bank’s substantial commitment of $750 million to Nigeria’s electrification aspirations underscores the critical role of electricity in fostering improved living conditions and driving economic growth. The generous funding will catalyze the expansion of electricity access to underserved communities, accelerating Nigeria’s progress towards electrification goals. As a trailblazer in small grid development, Nigeria’s collaboration with the World Bank represents a significant milestone in its journey towards achieving universal electricity access and ultimately eradicating poverty.
JOIN NOW
https://t.me/grandcombat_bot/start?startapp=lYRFU96I5w
Google News Channel
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news
Discover more from Allmedia24 News
Subscribe to get the latest posts sent to your email.
Pingback: National Directorate of Employment Commences Registration for Unemployed Persons Program - Allmedia24 News
Pingback: Dangote: People Working for Me Have Houses Abroad, But I Focus on Success, Not Luxury - Allmedia24 News