EU announces extension of €48m electricity sector intervention in Nigeria

The European Union (EU) in collaboration with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has announced the extension of its €48 million investment in the Nigerian Energy Support Programme (NESP) till next year.

With the extension, the EU has granted an additional €15 million funding to the initial €20 million dedicated to supporting the Nigerian renewable energy sector while the total funding for the programme now comprises €35million, from the EU, while €13 million is from the German government.

Speaking at an event in Abuja, Head of Cooperation, EU Delegation to Nigeria and the Economic Community of West African States (ECOWAS),Ms Cecile Tassin Pelzer disclosed that the programme marks a notable example of how efficient cooperation between Nigeria and the EU.

The NESP is a technical assistance programme, co-funded by the European Union and the German Federal Ministry of Economic Cooperation and Development (BMZ) and implemented by GIZ in collaboration with the Federal Ministry of Power (FMP).

The EU and the German government have now agreed to extend the second phase of the NESP until November 2022 for the EU contribution and until May 2023 for the BMZ contribution.