EU, Germany pledge $40m for Nigeria’s power sector

The European Union (EU) together with Germany recently announced a financial package worth €33 million ($40 million) to fund further developments in Nigeria’s power sector, with a focus on renewable energy.

This Day reported that the new financial package is part of the rollover of the Nigerian Energy Support Programmme (NESP), which is managed by the German cooperation agency – the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ).

Programme head of NESP, Iner Hommers, explained that the package will be used in the second phase of the NESP, which runs from December 2017 to November 2020.

Published in ESI Africa, 5th March, 2018