EU Commits $1.4 Billion in Climate Financing to Nigeria

nigeria. eu. climate.

The EU funding will support project development until 2027, including the development of a fish farm in Ogun state in southwestern Nigeria and a waste-to-energy initiative in Cross River, south of Nigeria.

With crude oil accounting for 7% of the country’s gross domestic profit and nearly all foreign exchange earnings, Nigeria hopes to kickstart multi-sector development, promoting investment in sectors such as agriculture and technology in order to reduce the reliance on crude oil.

Share This Article

Other Reads

Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
X
X