COP27: Nigeria needs $10 billion for more energy connections in rural areas -Official

The Executive Director of Technical Services at Nigeria’s Rural Electrification Agency Barka Sajou, has said the the country needs as much as $10 billion to deliver more energy connections within the rural areas.

President Muhammadu Buhari was represented at the event by the Minister of Environment, Mohammed Abdullahi, who said the country must shy away from public funding to avert energy poverty.According to Mr Sajou, COP27 is an opportunity his agency has taken advantage of to show the work it has been doing within its off-grid space.

“We are looking for collaborations with finances, partners and donors to be able to develop these projects and deliver them,” he added. “We must begin to shy away from public funding. We are discussing with our partners, the IMF, to see how they can structure the next sovereign green bond to have a model where the private sector will be involved,” the minister said.

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