The bank will also engage a platform of the Africa Investment Forum in this regard. AfDB President, Dr. Akinwumi Adesina, gave the assurance, yesterday, as a panelist at a one-day investors’ webinar to showcase the investment opportunities in the Federal Government’s reform and privatisation activities. In the energy sector, he said the AfBD’s support would help improve access and reliability of electricity supply by attracting private sector participation. xAccording to him, the $256 million and $200 million financing, respectively for the Nigeria Transmission Expansion Project (NTEP-1) and the Nigerian Electrification Project (NEP) would contribute to the strengthening of the transmission network and promote off-grid solutions. These will be complemented by enhanced policy dialogue to consolidate Nigeria’s strategic position as the bulwark for the regional economy.”

Source: The Guardian July 15, 2021 04:18 UTC