AfDB approves $500m loan to support second phase of Nigeria’s energy transition programme
[NigerianEye - Nigeria] - 26/11/2025
The African Development Bank (AfDB) Group has approved a $500 million loan to the federal government to finance the second phase of its economic governance and energy transition support programme (EGET-SP). EGET-SP is an initiative aimed at accelerating the transformation of the country’s electricity infrastructure and improving access to cleaner sources of energy. On August 24, 2022, the federal government launched Nigeria’s energy transition plan as a major pathway in achieving universal energy access by 2030 and a carbon-neutral economy by 2060. The government said the plan was designed (…)
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