The Business NG - February 24, 2025

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USAID Exit Threatens Nigeria’s Solar Future

Nigeria’s renewable energy push faces a major setback following the withdrawal of the United States Agency for International Development (USAID) from the sector. The exit endangers years of rural electrification progress, potentially leaving millions in darkness.

With over 85 million Nigerians still lacking electricity, solar power has been a critical solution, especially in rural areas where the grid is absent. USAID’s $150 million investment in off-grid initiatives like Power Africa and Electrify Nigeria has driven access, lowering costs and expanding usage.

Without this support, solar product prices could rise by 20–40%, shutting out over 30 million people. Rural communities may revert to kerosene and firewood, worsening health risks and deforestation. Additionally, a $500 million investment shortfall threatens ongoing and future projects, putting Nigeria’s clean energy ambitions at risk.

The Business NG Description:

出版社: Tuns-Media-&-Comm-Enterprise

カテゴリ: Newspaper

言語: English

頻度: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level