News Formal

Nigeria secures half billion loan to finance renewable energy dreams

  • 📰 htxtafrica
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The African Development Bank has loaned Nigeria half a billion dollars to fund its 2050 goals of providing for all through renewable energy.

The country’s government hopes renewable energy sources can add an additional 250 000MW to the national grid by 2050.

However finding investment is difficult from foreign countries, as economic instability provides significant risks. The Nigerian government launched the energy transition plan in August 2022, and in June 2023, passed a new Electricity Act decentralizing the electricity supply industry and setting the stage for increased investments by subnational governments and the private sector.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 42. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Best South African software development company to build your mobile appCodehesion is South Africa’s premier Android and iOS smartphone app development company with a reputation for delivering world-class software products.
Källa: BusinessTechSA - 🏆 24. / 61 Läs mer »

African Development Bank Approves ZAR 18.85 Billion ($1 Billion) Corporate Loan for Transnet's Business Rec...The African Development Bank Group has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa's major freight transport and logistics company, for its recovery and growth plans.
Källa: allafrica - 🏆 1. / 99 Läs mer »

Strong growth for South African software development company CodehesionSouth African software development company Codehesion has achieved strong growth over the past two years, more than doubling its revenue and staff size.
Källa: mybroadband - 🏆 11. / 67 Läs mer »

Strong growth for South African software development company CodehesionSouth African software development company Codehesion has achieved strong growth over the past two years, more than doubling its revenue and staff size.
Källa: mybroadband - 🏆 11. / 67 Läs mer »