EU announces additional energy support of € 15 million to Nigeria
The European Union (EU) has provided an additional â¬ 15 million to support Nigeria’s Energy Support Program (NESP).
It comes as the EU, in agreement with Germany’s Deutsche Gesellschaft fÃ¼r Internationale Zusammenarbeit (GIZ), also announced the extension of its â¬ 48 million investment in the NESP until next year.
With the extension, the EU has provided additional funding of â¬ 15m to the initial â¬ 20m to support Nigeria’s renewable energy sector, while total program funding now includes â¬ 35m. from the EU, while â¬ 13 million comes from the German government.
Speaking in Abuja, CÃ©cile Tassin-Pelzer, Head of Cooperation, EU Delegation to Nigeria and the Economic Community of West African States (ECOWAS), revealed that the program is a notable example of the effectiveness of cooperation between Nigeria and the EU.
NESP is a technical assistance program, co-funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ in collaboration with the Federal Ministry of Energy (FMP ).
The EU and the German government have now agreed to extend the second phase of the NESP until November 2022 for the EU contribution and until May 2023 for the BMZ contribution.