$300m Fund Launched To Close Nigeria’s Energy Access Gap

The Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All (SEforALL) have launched a $300 million Nigeria Distributed Renewable Energy (DRE) Fund aimed at expanding electricity access for underserved populations and businesses across Nigeria.
The launch was highlighted as a key outcome of the inaugural ASIS Global Action Forum held in New York on the sidelines of the 81st United Nations General Assembly (UNGA81).
The Forum was convened by Sterling One Foundation in partnership with NSIA, the United Nations Population Fund (UNFPA), RALLY and other partners, building on the outcomes of the fifth Africa Social Impact Summit (ASIS) held in Lagos in July.
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