FG, EU sign N6bn renewable energy financing



Federal government and the European Union (EU) has signed an energy financing agreement to improve access to modern and sustainable source to Nigerians.
While the Supervising Minister of National Planning Commission (NPC), Amb. Bashir Yuguda, signed for Nigeria, EU Ambassador to Nigeria, Mr. Michel Arrion, signed for the bloc.
Explaining the modality of the implementation, the Minister said the programme code named “Energy and Restoration Programme,” would be implemented through the Non-Governmental Organisations (NGOs) and the German Development Cooperation Agency (GIZ).
“There will be additional support from the International Development Association(IDA) for demonstration of the commercial viability of small scale gas processing in the Niger delta region of the country,” he said.

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