Region: Sub-Saharan Africa
Country: Nigeria
Sector: Energy and Power
Keywords: Knowledge Lab, Energy and Power
Document(s):
Document Summary:
This series showcases how the Multilateral Development Banks’ collaboration supports the development and implementation of infrastructure investment. This support comes in the form of public sector loans, private sector finance, sector and transaction advice, guarantees, and output-based aid.
Document Details:
Nigeria has long suffered from a shortage of electricity, a problem the Federal Government of Nigeria (FGN) began to tackle with comprehensive power sector reforms in 2010. The World Bank Group (WBG) responded by providing support for reforms and private sector investment through its joint Energy Business Plan (EBP) for Nigeria which included an investment in the Azura-Edo Independent Power Plant (Azura IPP). The Azura IPP, financed by International Finance Corporation (IFC) and other development financing institutions as well as private sector lenders, is expected to provide electricity to 14 million residential consumers.
Updated: April 6, 2022