The African Development Bank (AfDB) has approved a $144.7 million financing package for Niger to expand access to electricity, enhance renewable energy capacity, and strengthen private sector competitiveness, APA has learned.
The agreement, signed on Wednesday between the AfDB and the Nigerien government, would support the first phase of the Energy Sector Governance and Competitiveness Support Programme, designed to address the country’s critical energy deficit while promoting economic governance and a sound legal framework for the energy sector.
Funded through the African Development Fund (ADF), the Bank’s concessional window, the program aims to improve regulatory efficiency, stimulate private investment, and expand access to reliable power.
According to projections, national electricity access is expected to rise from 22.5% to 30% by 2026, while the manufacturing sector’s share of GDP is set to increase from 2.5% to 3.8%. A key component focuses on renewable energy development, targeting 240 MW of installed solar capacity by 2030, including 50 MW to be operational before the end of 2026.
“By signing this agreement, our government reaffirms its commitment and determination to achieve the programme’s objectives,” said the Nigerien Prime Minister, who hailed the “constructive dialogue” that guided the project’s preparation.
“This partnership reflects our resolve to pursue reforms essential to sustainable development and better living conditions for our people,” he added.
For his part, Sidi Ould Tah, representing the AfDB, reiterated that the institution “remains a steadfast partner to all its regional member states in their pursuit of inclusive and shared prosperity.”
The programme also aims to strengthen public financial management, enhance domestic revenue mobilization, tighten expenditure controls, and support the clearance of domestic arrears. It further seeks to foster public-private dialogue and encourage the adoption of a modern industrial and trade policy to promote Niger’s private sector.
AC/sf/lb/gik/APA