Nigerian Universities To Benefit From $500m Solar Power Investment

Nigerian universities struggling with persistent electricity shortages could soon receive a major boost, following a proposed $500 million investment in solar energy projects.
The funding plan was unveiled on Thursday in Abuja during the launch of the Tinubu Light Initiative, organised by the National Board for Technology Incubation (NBTI), an agency of the Federal Ministry of Science and Technology.
Speaking at the event, the Chief Executive Officer of renewable energy company Gigawatt Global, Yosef Abramowitz, disclosed that the firm would provide up to $500 million in project financing. He explained that the funding would cover up to 90 per cent of the cost of solar power projects ...