Nigerian Govt approves $750m World Bank loan for rural electrification

The Managing Director/Chief Executive Officer of the Rural Electrification Agency, REA, Abba Aliyu, disclosed this Tuesday while addressing journalists at the Alliance for Rural Electrification Energy Access Forum held in Lagos. According to Aliyu, President Bola Tinubu approved the fund for the Distributed Access through Renewable Energy Scale-up project, which is aimed at providing energy access to Nigerians in rural communities.

He noted that the loan was approved to close the gap between Nigerians who have electricity and those without electricity. He added that 23 per cent of the 85 million unelectrified Nigerians will be provided with electricity when the project is completed. 'The Federal Government, under the leadership of President Bola Tinubu, approved the biggest public sector-funded off-grid project worldwide.

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Nigerian govt to reintroduce Telecom tax, others to secure $750m loan from World BankThe Nigerian government has drafted a plan to reintroduce the telecommunications tax previously suspended and other revenue-generating measures to secure a $750 million World Bank Loan. This is according to the recent Stakeholder Engagement Plan for Nigeria – Accelerating Resource Mobilisation Reforms programme between Nigeria and the World Bank.
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