Power Africa and Trade Africa Coordinator, Andrew Herscowitz, announced recently during the Abuja Electricity Distribution Co.’s two-day Distribution Company Workshop in Abuja, Nigeria that the U.S. will invest US$1 billion in the country through the U.S. Trade and Development Agency (USTDA).
“Since Power Africa was launched [in 2013], USTDA has committed about $6.5 million in funding for 10 activities supporting Nigeria’s energy sector, which could leverage up to $2.7 billion in investment,” Herscowitz said.
“I want to stress that Power Africa will continue our work in Nigeria and across sub-Saharan Africa to increase access to electricity. The U.S government’s commitment to Africa’s growth and development remains strong, as was outlined in last year’s bipartisan electricity Africa Act,” he said.
Power Africa is a U.S. government-led initiative, coordinated by the U.S. Agency for International Development, that comprises 12 U.S. government agencies, and a diverse coalition of more than 130 public and private sector partners, including bilateral and multilateral partners, as well as international organizations, civil society organizations, and private sector companies.