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EU to allocate $65 mn to boost Nigeria’s electricity sector

EU Nigeria electricity-IFM-image
The EU is collaborating with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit

The European Union (EU) has recently announced that it will allocate $65 million towards the Nigerian Energy Support Programme (NESP) in collaboration with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

Ms Cecile Tassin-Pelzer, Head of Cooperation, EU Delegation to Nigeria and the Economic Community of West African States (ECOWAS), said that the NESP programme marks a notable example of how efficient cooperation between Nigeria and the EU.

“The programme is a notable example of efficient cooperation among the EU and the Nigerian partners, bringing tangible results to the country,” she said while speaking at an event in Abuja.

Recently, Vice President Yemi Osinbajo said that Nigeria’s solar power project will create 250,000 jobs. At the same time, it will electrify five million homes and give 25 million Nigeria access to clean electricity by 2023.

He told the media, “All these are included in nationally-determined contributions. The transport sector is being decarbonised by the industrial sector, and as the chairman said earlier, the gas expansion plan of the Nigerian Ministry of Petroleum Resources is all part of us routing our nationally determined contributions.”

‘This is why at the President’s heart is the need to reduce energy related carbon emissions to limit climate change. To meet the goals of the Paris Agreement, which Nigeria at least subscribed over the next decade, every aspect of the national energy system is expected to be affected by changes in climate and energy policy, financing, continuous technological advancements, and shifts in energy supplies, and demand.”

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