- The US says it will continue to invest in power sector in Africa
- This will help to increase electricity generation
- It says it is investing $1 billion in Nigeria’s power sector
The United States is committed to investing $1 billion in Nigeria’s power sector under the Power Africa in Nigeria project.
This is after the country has committed approximately $6.5 million in the past.
The Nation reports that Mr. Andrew Herscowitz who is the coordinator of Power Africa revealed this on Tuesday, February 14 at the opening of the two day Distribution Company Workshop which took place Abuja.
“Power Africa is a U.S government led initiative launched by President Barack Obama in 2013 to increase electricity access in sub-Saharan Africa by adding more than 30,000 megawatts of cleaner, more efficient energy development in sub-Saharan Africa and to unlock the substantial wind, solar, hydropower, natural gas, biomass, and geothermal resources on the continent.”
Herscowitz said: “Since Power Africa was launched, USTDA has committed approximately $6.5 million in funding for 10 activities supporting Nigeria’s energy sector, which could leverage up to $2.7 billion in investment.