The federal government and the United States Agency for International Development (USAID) yesterday signed a N115.2 billion Memorandum of Understanding (MoU) to support current reforms in the power sector as well as back the country’s push to provide electricity through cleaner sources.
At the event which took place in Abuja, the Minister of Power, Chief Adebayo Adelabu, said the collaboration marked a significant milestone in Nigeria’s journey towards a brighter future powered by reliable and sustainable electricity for all its people.
He expressed the country’s commitment to ensuring transparency, improving market efficiency as well as accelerating the transition to clean energy solutions, explaining that this aligns perfectly with the national goals of achieving net-zero carbon emissions.
By working with US development agency and leveraging their expertise, Adelabu stated that Nigeria can empower the private sector, strengthen regulations, and unlock the full potential of its power sector.
According to him, this will not only bring light to millions of homes but also unlock economic growth and sustainable development across Nigeria.
