World Bank to fund Nigeria’s rural electrification projects
The World Bank is about to release funds for project implementation to the Rural Electrification Agency that will serve to complement the annual budgetary allocation from the Federal Government.
The Minister of State for Power, Goddy Jedy-Agba revealed this at the REA Management and Retreat in Abuja.
Vision 7, 2030 of the sustainable development goals, is about ensuring access to clean and affordable energy, which is key to the development of agriculture, business, communications, education, healthcare and transportation.
The lack of access to energy hinders economic and human development.
Latest data suggests the world is making appreciable progress towards its sustainable energy targets.
At this gathering, Minister of state for Power, Jeddy Agba says the projects implemented through the Rural Electrification Agency will go a long way in closing the energy gap and bringing life to unserved and underserved Nigerians.
Thee chief of the rural Electrification Agency on his part, implores stakeholders to contribute ideas on how Nigeria can build sustainable rural communities that thrive and deliver their quota to the economy especially in areas of agriculture, mining and light manufacturing.
Rural Electrification remains important as it continues to play an important role in the global conversation in energy transition and off-grid Electrification.
