The African Development Bank, AfDB is to invest 200 million dollars through the Rural Electrification Agency, REA to boost electricity supply in the country.
The Bank’s Acting Vice President, Power, Energy, Climate and Green Growth Complex Wale Shonibare stated this when he led management staff of the bank on a visit to the Minister of State for Power, Goddy Jedy-Agba in Abuja.
Shonibare, who is also the Director, Energy and Installation in the bank, said the Bank board had approved 200 million dollars for the sector through REA to support the roll out of mini grids.
He added that the bank was also very involved in the transmission sector of the country as it had a 410 million dollars project to support transmission.
The Minister while responding said the Federal Government is willing to do more in partnership with Alternative Energy Development Board, AEDB to provide electricity for Nigerians. He noted that electricity is the bedrock of development, adding that if the country could get it right with technology, they could also do the same with power.
