EU Earmarks €150m to Boost Electricity Supply in Nigeria

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Enterprise Television- EU Earmarks €150m to Boost Electricity Supply in Nigeria

The European Union (EU) has committed €150 million to boost electricity supply in Nigeria with a focus on green and renewable energy.

The EU representative in Nigeria, Mr. Kurt Cornelius, said that about 45 per cent of Nigerians do not have access to electricity while the country spends about $13 billion yearly to fuel generating sets.

Cornelius, who insisted that alternative energy remained the only solution to energy problem in the country, said the project was in line with the priorities of the EU in Nigeria.

Meanwhile, the Consul-Generals of United States (U.S.) and Federal Republic of Germany, John Bray and Ingo Herbert, said electricity generation, transmission and distribution remained serious challenge to Nigeria.

However, €150 million has been committed in the current programme and actions for access in the area of access to electricity and to promote the use of renewable energy.