NIGERIA ELECTRIFICATION PROJECT (AFDB-P-NG-F00-020)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 29, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Nigeria
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 147.42 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported UAC 105,327,463
Converted using 2020-01-14 exchange rate.
Project Cost (USD)
$ 737.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported UAC 526,635,000
Converted using 2020-01-14 exchange rate.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jan 14, 2020


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Project Description

This project, implemented by the Rural Electrification Agency (REA), will be carried out nationwide with a focus on promoting technologies and business models that are emerging in Nigeria. The project aims to provide electricity to households, MSMEs and public institutions in a least-cost and timely manner. Specifically, this project has four components: Component 1 Solar Hybrid Mini Grids for Rural Economic Development;Component 2 Stand-alone Solar Systems for Homes and Enterprises;Component 3 Energizing Education; and Component 4 Technical Assistance

 

Investment Description
  • African Development Bank (AFDB)
Contact Information

MSHANA Rhoda Limbani, RDNG

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.