By Kayode Tokede
The federal government and United State Trade and Development Agency have signed a $1.1million grant to support electricity infrastructure development in Nigeria.
The agreement was signed at the ongoing Nigeria International Petroleum Summit in Abuja, on Tuesday.
The Director, U.S Trade and Development Agency, Mr. Thomas Hardy said that the agency was proudly signing the grant with Nigeria.
He said that the grant was another demonstration of the American government’s commitment to ensuring infrastructural development across the globe.
“Nigeria is the largest population in Africa and we are proudly investing in the energy sector in the largest African nation to provide power to the rural communities,” Hardy said.
He added that the grant would be used for a feasibility study of the Independent Power Projects (IPP) and other infrastructure development in the energy sector.
“The grant is part-funding for the NNPC Abuja IPP modeled to generate 1,350 MW,” he said
According to him, the money will be released in tranches depending on the particular project in the sector.
He said that General Electric (GE) would provide all the technology for the IPP project.