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King Sunny Adé at 80: six decades of Nigerian musical innovation, global acclaim and cultural preservation

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Just In ~ Nigeria launches $300 million clean energy fund to scale off-grid power access


ABUJA, Sept 21 (Reuters) - Nigeria's $300 million Distributed Renewable ​Energy Fund has been ‌commercially launched, moving from structuring to capital deployment, ​the country's sovereign wealth ​fund said on Monday.

  • Nigeria ⁠Sovereign Investment Authority said ​the fund brings together ​public and private capital to fund clean-energy projects.

  • The fund seeks ​to scale off-grid ​and distributed renewable energy investments and ‌connect ⁠around 300 million people across Africa to electricity by 2030.

  • The World Bank ​Group, ​as ⁠a founding partner in the initiative, ​has backed the ​fund ⁠with an initial $25 million through its IDA arm, ⁠the ​NSIA said.


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