• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, September 21, 2023
Leadership News
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership News
No Result
View All Result
ADVERTISEMENT

REA Expands NEP With AfDB $250m Facility

by Chika Izuora
5 days ago
in Business
Reading Time: 2 mins read
rea
Share on WhatsAppShare on FacebookShare on TwitterTelegram

 

The Rural Electrification Agency (REA), is set to boost the Nigeria Electrification Project(NEP) initiative as the African Development Bank (AfDB), readies to disburse a previously approved $250 million fund for the project.

Minister of Power, Adebayo Adelabu, who made the disclosure also confirmed the federal governments readiness to extend support to Northern Nigerian states through the $20 billion 10,000MW Northern Africa Desert to Power fund.

Adelabu disclosed this after a bilateral cooperation meeting with the AfDB cabinet, presided over by AfDB president, Dr. Akinwumi Adesina, at the ‘Just Energy Transition and Agricultural Transformation for Africa’ conference in Busan, South Korea.

Adelabu, explained that the Northern Nigerian states will also benefit from the AfDB’s $20bn Desert-to-Power initiative, aimed to develop 10,000 MW of solar power for eleven African countries.

He said, during the Bilateral Cooperation meeting with the AfDB cabinet, the Nigerian delegation secured an In-Principal Agreement from AfDB for Technical Advisory Sponsorship, potentially encompassing stress testing and capacity simulation of Nigeria’s Power infrastructure.

RELATED

Dollar Trades For N980/N1000 To $1

Dollar Trades For N980/N1000 To $1

6 hours ago
Crowd Besieges CBN Office With Old Notes In Lagos

JUST-IN: CBN Postpones MPC Meeting Indefinitely

7 hours ago
Entrepreneurship Remains The Best Wealth Creation Method — Joy Nwaogwugwu

Entrepreneurship Remains The Best Wealth Creation Method — Joy Nwaogwugwu

11 hours ago
Dangote

Low Production Forces Dangote To Source Crude For Refinery Takeoff

11 hours ago

According to him, the aim of the Technical Advisory sponsorship was to establish operational capacity across the entire value chain, facilitating project prioritisation.

Adelabu said: “in a productive Bilateral Cooperation meeting with the AfDB cabinet, presided over by AfDB President, Dr Akinwunmi Adesina at the ongoing ‘Just Energy Transition and Agricultural Transformation for Africa’ conference in Busan, South Korea, the Nigerian delegation, led by myself, secured an In-Principle Agreement from AfDB for Technical Advisory Sponsorship, potentially encompassing stress testing and capacity simulation of Nigeria’s Power infrastructure.

“This initiative aims to establish operational capacity across the entire value chain, facilitating project prioritisation. AfDB also confirmed readiness to disburse a previously approved $250m fund for the Nigeria Electrification Project (NEP) under the Rural Electrification Agency (REA) and extended support to Northern Nigerian states through the $20bn 10,000MW Northern Africa Desert to Power fund,” he stressed.

 

SendShareTweetShare
BREAKING NEWS: Dollars can now be paid to Nigerians on a monthly basis. You can earn up to $10,000(₦9.2million naira). Find out how it works; be sure to ask for evidence.
HOW CHINESE DOCTOR RECOMMEND THIS MAGIC DRUGS THAT HELP WOMEN PREVENT AND TREAT BREAST CANCER AND ALSO HELP MEN PREVENT AND CURE PROSTATE ISSUE PERMANENTLY
ADVERTISEMENT
Previous Post

Safety On The Nation’s Waterways

Next Post

Danbatta Gets Fellowship For Empowering National Workforce

YOU MAY LIKE

Dollar Trades For N980/N1000 To $1
Business

Dollar Trades For N980/N1000 To $1

6 hours ago
Crowd Besieges CBN Office With Old Notes In Lagos
Business

JUST-IN: CBN Postpones MPC Meeting Indefinitely

7 hours ago
Entrepreneurship Remains The Best Wealth Creation Method — Joy Nwaogwugwu
Business

Entrepreneurship Remains The Best Wealth Creation Method — Joy Nwaogwugwu

11 hours ago
Dangote
Business

Low Production Forces Dangote To Source Crude For Refinery Takeoff

11 hours ago
Next Post
Danbatta Gets Fellowship For Empowering National Workforce

Danbatta Gets Fellowship For Empowering National Workforce

TRENDING

  • UK Releases New Entry Requirement

    UK Releases New Entry Requirement

    0 shares
    Share 0 Tweet 0
  • Meet 8 Artistes Signed By Marlian Records

    0 shares
    Share 0 Tweet 0
  • JUST-IN: Singer Mohbad’s Body Exhumed For Autopsy

    0 shares
    Share 0 Tweet 0
  • BREAKING: Edo Deputy Gov Shaibu Begs Obaseki For Forgiveness

    0 shares
    Share 0 Tweet 0
  • 3 Reasons Why Tribunal Sacked Kano Gov Yusuf, Declared Gawuna Winner

    0 shares
    Share 0 Tweet 0

RECENT UPDATE

Tinubu Makes History, Rings NASDAQ Closing Bell, Woos Investment For Nigeria
News

Tinubu Makes History, Rings NASDAQ Closing Bell, Woos Investment For Nigeria

by Jonathan Nda-Isaiah
1 hour ago

Read more
2023 Medic Conference: Stakeholders To Brainstorm On Improving Access To Healthcare In West Africa
News

2023 Medic Conference: Stakeholders To Brainstorm On Improving Access To Healthcare In West Africa

by Royal Ibeh
1 hour ago

Read more
Overseas Education: UK Boarding School Principals To Storm Nigeria October
Education

Overseas Education: UK Boarding School Principals To Storm Nigeria October

by Henry Tyohemba
2 hours ago

Read more

© 2023 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2023 Leadership Media Group - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In