World Bank Supports 1000 Microgrids In Nigeria
Microgrids in Nigeria are getting a boost from the World Bank, which is promoting 1000 new systems in the coming years.Nigeria, with a population of 200 million, has 12,500 MW of installed electricity generating capacity, much of which sits idle most of the time. As a result, much of the country relies on gasoline or diesel generators for their electricity. Many communities outside the country’s largest cities are not connected to the energy grid at all.
Already there are approximately 150 microgrids in Nigeria that have been funded in part by the World Bank. “We are putting another 300 in, but our ambition with the government is to go all the way to 1,000. We’re talking about hundreds of millions of dollars that are being invested,” said Banga, without giving a timeline. “Now the idea is not for the World Bank to be the only person putting the money. We put in part of the money like a subsidy,” he added.
The World Bank recently praised the newly elected president Bola Tinubu’s first actions as leader, stating he is resolved to act morally and responsibly. The president of the World Bank stated that Tinubu is doing all the necessary steps for Nigeria to survive and improve its current circumstances, adding that if not, Nigeria will always be running unaffordable deficits.
Microgrids, on the other hand, democratize electricity, making it subject to local control. No wonder the utility industry hates the idea! It diminishes their power over their “product.” By promoting microgrids in Africa, the World Bank is promoting democratic ideals as well.
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