https://www.engineeringnews.co.za
Africa|Cutting|Energy|Projects|Technology|Waste|Infrastructure|Waste
Africa|Cutting|Energy|Projects|Technology|Waste|Infrastructure|Waste
africa|cutting|energy|projects|technology|waste-company|infrastructure|waste

EU pledges $1.4bn in climate funding to Nigeria

4th July 2022

By: Bloomberg

  

Font size: - +

The European Union (EU) and development finance institutions will provide $1.4-billion in funding aimed at cutting its reliance on oil.

The funds for agriculture, climate and digital projects will help Africa’s largest oil producer, “achieve low carbon, resource efficient and climate resilient development, creating jobs for youth and economic growth,” Samuela Isopi, EU ambassador to Nigeria and the Economic Community of West African States, said at a conference in Lagos.

Nigeria, Africa’s largest economy, is encouraging investments in agriculture and technology-based infrastructure to reduce its dependence on oil and accelerate growth. While crude contributes about 7% to the country’s gross domestic product, it accounts for nearly all foreign-exchange earnings and more than half of government revenue.

The funding will support 60 projects through to 2027, Isopi said in an interview. They include a fish farm in the southwestern Ogun State and a waste-to-energy initiative in the southern Cross River state, according to a document emailed by the EU.
 

Edited by Bloomberg

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.074 0.126s - 139pq - 2rq
Subscribe Now