BREAKING: World Bank, US commit $3bn to Nigeria’s energy transition plan

World Bank and the US Export-Import Bank (EximBank) have committed over $3 billion in investment to Nigeria’s energy transition plan.

The international organisations made the commitment on Wednesday at the official launching of the plan by vice-president, Yemi Osibanjo.

Nigeria is expected to achieve universal access to energy by 2030 and a carbon-neutral energy system by 2060 while accelerating economic growth and development.