Niger Govt secures €114m loan from EIB for the electrification of 429,000 people

With an electrification rate of 17.6% in 2018, according to the World Bank, Niger is among the countries with the lowest access to electricity in the world. This is why resources are being mobilized by its executive to get out of this energy poverty.

In Niger, the government has just authorized the mobilization of 114 million euros with the European Investment Bank (EIB) to increase citizens’ access to electricity. The Council of Ministers has just validated an agreement signed to this effect.

According to the final communiqué of the Council of Ministers, the financing should “extend and improve access to electricity in Niger through the development, strengthening and rehabilitation of electricity transmission and distribution networks.” Access to electricity is a political priority in Niger. The sector is characterized by a low level of access to electricity, one of the lowest in the world.

The Nigelec project to expand access to electricity was initiated to promote Niger’s economic growth and reduce social inequalities. It will contribute to the improvement of the financial situation of Nigelec, the local electricity company, and to the shutdown of nine diesel plants in favour of more profitable energy sources. Through the initiative, approximately 315,000 people in Niamey and 114,100 people in rural areas will have access to electricity, improving their living conditions.

Source: Agence Ecofin

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