The African Development Bank (AfDB) has undertaken a mission to hold further discussions on Nigeria’s Power Sector Recovery Programme (PSRP) with several stakeholders in Abuja from 14-16 March 2018
The high-level mission was led by Amadou Hott, vice-president for power, energy, climate change and green growth at AfDB.
The bank will focus on supporting the programme in three primary areas including operational and technical intervention, addressing governance issues and policy-based support. The programme is designed to promote energy access to rural communities, through the expansion of the transmission grid, development of innovative financing products and provision of technical assistance to improve revenue generation by the distribution companies.
The goal of the mission was to identify opportunities for collaboration in the programme. It included meetings with relevant ministries, departments and agencies to harmonise plans and areas of intervention including the Federal Ministries of Finance, Power, the Nigerian Electricity Regulatory Commission, the Transmission Company of Nigeria, the World Bank and solar power developers.
The AfDB’s energy strategy identifies energy as crucial not only for the attainment of health and education outcomes but also for industrialisation, reducing the cost of doing business and for unlocking economic potential and creating jobs. In line with its High 5 development priorities, the bank aims to support Nigeria in the effective and efficient implementation of the country’s Power Sector Recovery Programme.
