In a recent statement, the World Bank unveiled a groundbreaking initiative aimed at addressing the energy access crisis in Africa, particularly spotlighting Nigeria’s pivotal role in driving the continent’s electrification agenda. Nigeria, despite its abundant energy resources and economic prominence, stands as a stark example of energy poverty. The World Bank’s initiative, titled Distributed Access through Renewable Energy Scale-Up (DARES), is set to revolutionize energy access across Nigeria and the wider African region. The World Bank’s endeavor highlights the critical role of bold policy reforms, innovative technologies, and substantial investments in clean energy to realize a sustainable and inclusive future for all. With renewable energy costs plummeting and transformative opportunities on the horizon, closing the energy access gap is within reach, signalling a pivotal step towards a greener and more prosperous Africa.

Source: The North Africa Journal March 07, 2024 11:43 UTC