Nigeria Electrification Project (WB-P161885)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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
Jun 27, 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
Federal Ministry of Power, Works and Housing (Works),Federal Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 350.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 765.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 13, 2018

Disclosed by Bank Mar 1, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The development objective of the Electrification Project for Nigeria is to increase access to electricity services for households, public educational institutions, and underserved (MSMEs) micro, small, and medium enterprises. The project comprises of four components. The first component, solar hybrid mini grids for rural economic development will be implemented under a market-based private sector led approach to construct, operate, and maintain economically viable mini grids, supported by subsidies that reduce initial capital outlays. It consists of following sub-components: (i) minimum subsidy tender for mini grids; and (ii) performance-based grants program. The second component, stand-alone solar systems for homes and MSMEs goal is significantly increase the market for stand-alone solar systems in Nigeria in order to provide access to electricity to more than one million Nigerian households and MSMEs at lower cost than their current means of service such as small diesel gensets. It consists of following sub-components: (i) market scale-up challenge grants; and (ii) performance-based grants. The third component, energizing education objective is to provide reliable, affordable, and sustainable power to public universities and associated teaching hospitals. The fourth component, technical assistance is designed to build a framework for rural electrification upscaling, support project implementation as well as broad capacity building in Rural Electrification Agency (REA), Nigerian Electricity Regulatory Commission (NERC), Federal Ministry of Power, Works, and Housing (FMPWH), and other relevant stakeholders.

Investment Description
  • World Bank (WB)
Contact Information
Federal Ministry of Power, Works and Housing (Works)
louis Edozien
Permanent Secretary
louis.edozien@power.gov.ng
 
Federal Ministry of Finance
Aliyu Ahmed
Director
aliyu.ahmed@finance.gov.ng

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.