World Bank Pledges $25m for Nigeria’s $300m Off-Grid Power Fund, Leaving $275m Unaccounted For
The World Bank has committed an initial $25 million to Nigeria’s newly launched $300 million Distributed Renewable Energy Fund, a contribution that represents just 8.3 per cent of the fund’s target and leaves a gap of $275 million that has not yet been secured. The fund, co-managed by the Nigeria Sovereign Investment Authority and Africa50,…