Nigeria launches renewable energy scheme
22 November 2010
Nigeria is going to launch renewable energy and sustainable transport plans that will improve the infrastructure of the country.
The nation has submitted and received backing for a $250 (£156) million investment plan after it received the endorsement of the African Development Bank (AfDB).
However, Nigeria is not the only country to receive help from the organisation for low-carbon schemes, with Ethiopia, Kenya, and Mali all also implanting plans for the sector.
Hela Cheikhrouhou, manager of the infrastructure finance division at the AfDB, noted: "The endorsement is significant because it allows the bank to mobilise co-financing for transport and low-carbon energy projects within the plan."
She added the initiative could help reshape the "global clean energy map" for the continent by allowing access to energy that is "badly needed".
It comes after some African middle-income countries - Algeria, South Africa, Morocco, Tunisia and Egypt - received investment from the Clean Technology Fund.