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AfDB grants $110,000 for Ekiti electricity project

Credible News by Credible News
April 10, 2024
in Banking, Development, Economy, Human Interest, News
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Africa Development Bank (AfDB)

Africa Development Bank (AfDB)

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The African Development Bank, AfDB, announced the acquisition of $110,000 in funding for Ekiti State to support the implementation of the State Electricity Priority Plan, SEPP.

Prof. Bolaji Aluko, the Commissioner for Infrastructure and Public Utilities in Ekiti State, disclosed this information in Ado Ekiti, revealing that the funds were obtained from the Sustainable Energy Fund for Africa, SEFA.

He said that the fund approval was made possible after the state requested a grant to support the establishment of the Power Sector Reform Desk in his Ministry for mainstreaming decentralised renewable energy solutions.

READ ALSO: AfDB emphasize vital role of governance for Africa’s transformation

Aluko explained that the funding approval, secured through the Africa Energy Sector Technical Assistance Programme, would sponsor three delegates from the state to participate in a hybrid training course on power sector regulation at the Africa School of Regulation in addition to consultancy services.

He assured that the Ministry would leave no stone unturned to ensure a steady supply of electricity, potable water, responsive fire services, and an efficient telecommunication system in the state.

Tags: AfDBAfrican Development BankCredible NewsEkiti Stateelectricity projectElectricity TarrifGrants
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