United State to invest $1 billion (dollars) into Nigeria power sector. Read more…

16
229
Former aviation minister Femi Fani-Kayode has berated the federal government of Nigeria for allegedly holding back monthly allocations to Ekiti state government.
Few days after the United States, US, President, Donald Trump, called his Nigerian counterpart, Muhammadu Buhari, an initiative of the US country to light up Africa, ‘Power Africa,’ says it’s planning to invest about one billion dollars on the power sector in Nigeria.
This was disclosed by the programme’s Coordinator, Andrew Herscowitz while addressing a press conference in Abuja, on Tuesday.
Noting that the programme was aimed at strengthening Nigeria’s power sector, Herscowitz said US has already committed billions of dollars in funding the nation’s energy projects.
Herscowitz disclosed that the programme which was launched by the immediate past US President, Barack Obama in 2013 is aimed at adding more than 30,000 megawatts efficient energy development in sub-Saharan Africa.
According to Herscowitz, the project also targets unlocking the substantial wind, solar, hydro power, natural gas, biomass, and geothermal resources on the continent.
He said, “Since Power Africa was launched, U.S. Trade Development Agency has committed approximately 6.5 million dollars in funding for 10 activities supporting Nigeria’s energy sector, which could leverage up to 2.7 billion dollars in investment.
“It has advanced 50 million dollars in financing from the Oversea Private Investment Corporation (OPIC) to Lumos, a Nigeria-based solar energy company, to scale up it’s off grid solar power service to about 200,000 Nigerian homes and businesses.
“Power Africa has supported power companies in the country to the tune of 100 million dollars capital expenditure credit enhancement facility with a corresponding 6.5 million dollars in technical assistance
“And (supported) another 1.5 million dollars for limited commodity to turn around the DISCOS.”
RECOMMENDED:  Troops Finally Arrests Notorious Kidnap Kingpin Terrorising Kastina People

16 COMMENTS

  1. I am the owner of JustCBD brand (justcbdstore.com) and am planning to broaden my wholesale side of business. I really hope that anybody at targetdomain is able to provide some guidance 🙂 I considered that the most ideal way to accomplish this would be to reach out to vape stores and cbd stores. I was really hoping if anybody could recommend a reliable web site where I can purchase Vape Shop B2B Marketing List I am already considering creativebeartech.com, theeliquidboutique.co.uk and wowitloveithaveit.com. Unsure which one would be the best solution and would appreciate any support on this. Or would it be simpler for me to scrape my own leads? Suggestions?

  2. Your style is really unique in comparison to other folks I’ve read stuff from. Many thanks for posting when you’ve got the opportunity, Guess I will just book mark this page.

  3. Oh my goodness! Incredible article dude! Thanks, However I am experiencing problems with your RSS. I don’t know the reason why I am unable to join it. Is there anybody getting similar RSS problems? Anyone that knows the answer will you kindly respond? Thanx!!

  4. A motivating discussion is worth comment. There’s no doubt that that you need to publish more about this subject, it may not be a taboo matter but generally folks don’t speak about such topics. To the next! All the best!!

  5. Achieving your fitness goal doesn’t need a certified personal trainer or an expensive gym memberships, it is not hard to exercise at home. It’s easy to go down a training and fitness rabbit hole, however, when you’re looking for the best home exercise equipment to outfit your personal home gym.

LEAVE A REPLY

Please enter your comment!
Please enter your name here