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USAID plans N115bn investment to tackle Nigeria’s electricity challenges

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The United States Agency for International Development and the Nigerian Federal Ministry of Power signed a memorandum of understanding to unlock N115 billion investment in the country to tackle electricity challenges.

In a statement on Wednesday by the Power Ministry, the MOU was signed by USAID's Nigeria Mission Director, Melissa Jones, and the Permanent Secretary, Federal Ministry of Power, Mahmuda Mamman. Accordingly, the investment is part of a US government grant-funded technical assistance program intended to support power sector development and reforms in Nigeria.

Speaking on the investment in Nigeria, the Minister of Power, Adebayo Adelabu, expressed gratitude for USAID’s continued support toward ending Nigeria's power sector challenges. “This partnership with USAID is a significant milestone in the journey towards achieving a sustainable and reliable electricity supply for all Nigerians.

 

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