FG targets 5.2m electricity connections under $750m loan

The Federal Government is targeting the connection of 5.2 million Nigerians to electricity by June 2026 under a $750m World Bank-backed intervention aimed at expanding access through renewable energy solutions. This is according to the latest Implementation Status and Results Report of the World Bank’s Nigeria Distributed Access through Renewable Energy Scale-up Project obtained from the bank’s website. The report stated that the programme, also known as DARES, is progressing steadily, with significant milestones already recorded in expanding electricity access across the country. It noted, “The DARES programme implementation is in progress, with 9 per cent of total programme financing of $750m disbursed,” adding that “about $422.2m out of the total programme funds is fully committed.” The World Bank disclosed that the project has already delivered electricity access to millions of Nigerians, while remaining on track to meet its near-term targets. “To date, over 3.6 million people have been provided with access to electricity… The project is on track to connect 5.2 million people to electricity by June 2026,” the report stated.






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