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World Bank commits to renewables in Nigeria

20 June 2013, 12:04

Lagos - The World Bank pledged to finance the use solar power and renewable energy to boost agricultural production in Nigeria.

World Bank Task Team Leader for Commercial Agriculture Development Project, Dr Lucas Akapa, said this will shield farmers from losing their produce because of poor power supply.

Farmers in Cross Rivers, Enugu, Kaduna, Kano and Lagos will initially benefit from the funding, Akapa said in Lagos during the eighth Nigeria/World Bank Joint Mission meeting.

He said the bank would explore the possibility of using  palm oil production waste to produce energy in Cross River State.

Renewable energies are seen as a long term solution to the West African country's power problems.

The outages have forced a number of companies to close shop much to the rise of unemployment.

- CAJ News



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