Nigeria’s Energy Transition: Middle East Energy to promote dialogue between local and global energy leaders

Africa’s energy and power sector has continued to evolve over the years and is currently experiencing significant growth. In February 2023, the World Bank signed an agreement with four West and Central African nations to fund renewable energy projects. The agreement worth $311 million will finance 106 megawatts (MW) of solar power generation capacity with battery energy and storage systems, as well as 41 megawatts expansion of hydroelectric capacity for Sierra Leone, Liberia, Togo, and Chad; supporting electricity distribution and transmission interventions.