Nigeria is gearing up to tackle its chronic shortage of electricity. The World Bank, the International Finance Corporation as well local banks and energy firms are partnering up to help develop a private sector that will provide electricity, using solar power, to a million households who lack access to Nigeria’s national power grid. The World Bank plans to do this by providing low-interest financing for investors and energy firms. The Lighting Africa Project, as it has been named, aims to power rural communities and will play a key role in helping Nigeria meets its ambitious plan to cut down emissions by as much as 45% by 2030. It will also reduce Nigeria’s heavy dependence on kerosene lamps and gasoline-powered generators which pose various health and environmental risks. Nigeria won’t be the only country moving towards renewable energy, as the African Union recently announced a $20 billion investment in renewables over the next decade.
Nigeria is betting on solar power to reach a million homes without access to the grid
More of Today's Solutions
Vision board ideas for adults: how to create one that inspires real change
BY THE OPTIMIST DAILY EDITORIAL TEAM A vision board might look like a crafty throwback to childhood afternoons spent collaging. But don’t write it ...
Read MoreIndia’s social experiment: how paying women directly reshapes welfare, autono...
BY THE OPTIMIST DAILY EDITORIAL TEAM Across India, millions of women now receive a modest but unwavering deposit each month into their bank accounts. ...
Read MoreNew Zealand’s groundbreaking shift to renewables promises massive emiss...
New Zealand launched its most ambitious emissions reduction initiative to date in an incredible undertaking. The government announced a historic switch from coal to ...
Read MoreGoing for the goal: the impact of team sports on boosting young girls’ ...
In a pioneering study, the Here for Every Goal report demonstrates that team sports, particularly elite women's soccer (referenced from here on in this ...
Read More
