Nigeria’s Ministry of Power and the United States Agency for International Development (USAID) have formalised a ₦115bn partnership agreement to bolster Nigeria’s electricity reforms, promote market transparency, ensure liquidity, and extend access to affordable electricity.
The Memorandum of Understanding (MoU) between USAID/Nigeria Mission Director Melissa Jones and the ministry’s Permanent Secretary Mahmuda Mamman, signed on Wednesday, aims to support the implementation of a US government grant-funded technical assistance program worth ₦115.2bn.
Jones, reiterating the US government’s commitment to advancing electrification in Nigeria, said, “Today’s goal is to strengthen collaboration between USAID and the Federal Government of Nigeria and to provide a framework for our partnerships with other key actors, including state and Local Governments, electricity generation and distribution sectors and the off-grid sector. It is laudable and timely.”
The Minister of Power in Nigeria, Adebayo Adelabu, expressed appreciation for USAID’s ongoing assistance and highlighted the significant potential for transformation through their collaboration.
“This partnership with USAID is a significant milestone in achieving a sustainable and reliable electricity supply for all Nigerians. Together, we will tackle the longstanding challenges in the power sector, ensuring transparency, enhancing market liquidity, and accelerating our transition to clean energy solutions,” he stated.
“The ministry is committed to ensuring these interventions deliver tangible benefits to all Nigerians, promoting economic growth and sustainable development,” he added.