The United States Agency for International Development (USAID) and the Nigerian Federal Ministry of Power have signed a memorandum of understanding (MOU) to unlock a N115 billion investment to address Nigeria’s electricity challenges.
In a statement from the Power Ministry on Wednesday, the MOU was signed by USAID’s Nigeria Mission Director, Melissa Jones, and the Permanent Secretary of the Federal Ministry of Power, Mahmuda Mamman.
This investment is part of a U.S. government grant-funded technical assistance program aimed at supporting power sector development and reforms in Nigeria.
“Today’s goal is to strengthen collaboration between USAID and the Federal Government of Nigeria and to provide a framework for our partnerships with other key actors, including state and local governments, the electricity generation and distribution sectors, and the off-grid sector. It is laudable and timely,” said Jones.
The Minister of Power, Adebayo Adelabu, expressed gratitude for USAID’s continued support in addressing Nigeria’s power sector issues.
“This partnership with USAID is a significant milestone in the journey toward achieving a sustainable and reliable electricity supply for all Nigerians. Together, we will tackle the longstanding challenges in the power sector, ensuring transparency, enhancing market liquidity, and accelerating our transition to clean energy solutions,” he stated.
The ministry is committed to ensuring these interventions deliver tangible benefits to all Nigerians, promoting economic growth and sustainable development.
This development comes as Nigeria’s power sector continues to struggle with distribution, generation, and transmission challenges. Over 85 million Nigerians lack access to grid power, and many have experienced unreliable power supply since the sector’s privatization in 2013.
