The African Development Bank Group has granted a $500 million loan to the Federal Government for the first phase of the Economic Governance and Energy Transition Support Programme.
This substantial funding aims to bolster economic reforms and facilitate a shift towards sustainable energy solutions.
The initiative is expected to enhance governance structures and support energy transition efforts, marking a significant step towards long-term economic stability and environmental sustainability.
This development underscores the Bank’s commitment to supporting transformative projects in the region.