• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 24, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

World Bank to boost Nigeria’s electrification projects with $750m

Electricity

The Matters Press by The Matters Press
June 28, 2023
Reading Time: 2 mins read
0
NERC declares meters free under mass scheme

Abuja, June 28, 2023: The World Bank said on Tuesday that it planned to commit additional 750 million dollars to deepen Nigerians access to electricity through the Nigeria Electrification Project (NEP).

RELATED POSTS

Think tank blames historically poor management of resources on Nigeria’s high poverty prevalence

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

‎IMPI revises inflation rate projection to 14% from 17% for December

Ms Elizabeth Huybens, the World Bank’s Director of Strategy and Operations for Western Central African Region, said this while inspecting the 60 KiloWatts Mini Grid Project in Kilankwa Community, Kwali Area Council of Abuja.

The project is being implemented by the Rural Electrification Agency (REA) through NEP.

“This is our first national electrification project we see at work here, about $350 million is coming to a close, and we are preparing a successor project that will be $750 million.

“ We are definitely extending our support to something that we think is critical and Nigeria is leading the world in small grid development,” she said.

Huybens said that the Kilankwa project would assist the country in providing access to electricity to more people faster than it could have done by just extending the national grid.

“So, I am very impressed that the grids in small communities works and there is also the foresight to think about how one can fully optimise the use of the electricity generated to expand productive activities.

“Like the rice mill that we have just seen, I hope that in future, we will see a lot more of that,” she said.

The director said that the project was considered because the bank believed that access to electricity by all was one of the most important goals to pursue by any country.

According to her, without electricity, it is hard to think about how communities can live, adding that kids cannot study at night.

“We cannot move toward electric vehicles, if we don’t have electricity. In fact, you cannot even charge your cell phone without electricity.

“So, it is hard for me to think about modern life without electricity and it is hard for me to think about reducing poverty without access to electricity.

”And since the World Bank’s overarching goal is to help countries eradicate poverty, we need to help them provide access to electricity for its population,’’ Huybens said.

The Managing Director, REA, Mr Ahmad Salihijo, said that the project was currently serving about 300 households and businesses.

Salihijo said that the project was developed by the World Bank under the Performance-Based Grant of NEP.

“This has been operational for some time now. So, we are privileged to have come here with the World Bank team to see how it is performing.

“We are working on ensuring productive use and also that we have energy-efficient equipment connected to the mini grid,” he said.

One of the beneficiaries, Mr Ayuba Yabo, a Rice Miller, commended the Federal Government and the World Bank for bringing the project to their community.

Yabo said that the project had assisted him to reduce the cost of diesel to run his business and enabled him make more profit.

Tags: ElectricityWorld Bank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Think tank blames historically poor management of resources on Nigeria’s high poverty prevalence

October 24, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

October 22, 2025
NBS reports increase in Inflation
Economy/Technology

‎IMPI revises inflation rate projection to 14% from 17% for December

October 22, 2025
CSOs give  thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria
Agriculture

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

October 22, 2025
Standing With the Bello Family – Justice Must Never Be Cheapened
Energy

Standing With the Bello Family – Justice Must Never Be Cheapened

October 17, 2025
You led with distinction, CG of Customs, hails former boss,  Mohammed at 80
Economy/Technology

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

October 10, 2025
Next Post
UBA filed audit report with NGX, hits N660bn gross earnings

UBA introduces Braille Account Opening Form for visually impaired

FCT-IRS extends filing of annual returns

FCTA unveils Strategic Plan for FCT-IRS as sole revenue collector

Recommended Stories

CIIN president tasks Insurance directors on manpower development

NCDMB, NAICOM present insurance services guidelines to oil, gas stakeholders

July 4, 2022
Power line to energise part of Oyo

Shut down of Egbin power station hurting businesses

December 20, 2023
Nigeria, Equatorial Guinea in talks to boost gas production

Nigeria inaugurates governing council for gas infrastructure fund

March 9, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think tank blames historically poor management of resources on Nigeria’s high poverty prevalence
  • Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria
  • ‎IMPI revises inflation rate projection to 14% from 17% for December

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

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
Call Us