Electricity

Nigeria : AFD injects €370 mln in power sector

Monday, 24 October 2016 14:18

The French Development Agency (Agence de Développement Français) provided €370 million for soft loans to Nigeria so it develops its power sector.

Denys Gauer, France ambassador to Nigeria made the announcement and reaffirmed the commitment of his country to help Nigeria’s energy sector grow. He however highlighted that “Nigerians must give priority to renewable energy, either solar, or biomass among others” for according to him, “those are the solutions for the future”.

The French government has indeed supported various renewable energy projects and many French investors expressed their desire to do the same. “We have worked very closely with the Nigeria authorities; we have helped Nigeria participate in several multilateral initiatives on renewable initiatives,” he said adding that African initiatives for renewable energies were designed to increase the share for renewable energies from 28 to 48 per cent in 2017 for the whole ECOWAS region”.

Let’s recall that on October 6, 2016 in New York, Nigeria’s minister of finances, Kemi Odeosun accused the Occident of being hypocritical, telling Africa not to use coal to produce energy, after building its wealth on the same resource.

Gwladys Johnson

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.