• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

150,000 Households Newly Connected to Electricity in Benin, Nigeria

MSME Africa by MSME Africa
June 15, 2021
in Energy, News
0
150,000 Households Newly Connected to Electricity in Benin, Nigeria
Share

About 2,000 km of medium voltage lines and 4,000 km of low voltage lines will be constructed

The World Bank Board of Executive Directors has approved $200 million in International Development Association (IDA)* funding to help Benin improve access to electricity services for households, businesses, and basic public services.

The Benin Electricity Access Scale-Up Project will carry out densification and extension works to increase access to grid electricity services for households, small and medium enterprises, and some basic public services. About 2,000 km of medium voltage lines and 4,000 km of low voltage lines will be constructed or rehabilitated and 80,000 kVA of transformers installed in 1,100 localities. At least 20,000 streetlights will also be installed in the project targeted areas. The project will impact more than 150,000 households (25% of which are headed by women), 1,000 small and medium-sized enterprises (20% of which are headed by women) and 500 basic public services will be connected to the grid.

“Economic gains increase when electricity availability improves. This operation will provide social benefits to households and business opportunities to micro, small and medium enterprises that need available and affordable energy to grow”, said Atou Seck, World Bank Country Manager for Benin. “Lack of electricity hinders the adoption of modern technologies and lowers the quality of service delivery such as health care, education and other public services. Electrification of schools and clinics is critical to improve the country’s education and health indicators’’.

The project will support the implementation of key reforms in Benin’s electrification strategy, complementing the ongoing $60 million Energy Service Improvement Project. It will also finance technical assistance and capacity building activities in the electrical power sector.

This operation is in line with the results of the Geospatial Indicative Electrification Planning Study completed in November 2020, which shows that by 2025, approximately 91% of Benin’s population would live within 7 kilometers of the grid.

*The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. IDA is one of the largest sources of assistance for the world’s 76 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to the 1.6 billion people who live in IDA countries. Since 1960, IDA has supported development work in 113 countries. Annual commitments have averaged about $21 billion over the last three years, with about 61 percent going to Africa.

Post Views: 1
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Top 15 Social Media Marketing Tools for Nigerian Entrepreneurs
    15 Social Media Management Tools That Will Make Life…
  • #IWD2023: Celebrating Outstanding Women in Micro Small and Medium Enterprises
    #IWD2023: Celebrating Outstanding Women in Micro…
  • CBN, AMCON sell Polaris Bank to SCIL at N50bn
    New Polaris Bank owners – SCIL announces New Core…
Tags: Atou SeckBeninBenin Electricity AccessWorld bankWorld Bank’s International Development Association
Previous Post

Stanbic IBTC Showcases Impressive Environmental, Social, and Governance (ESG) Performances in 2020 Sustainability Report 

Next Post

Application for the Orange Corners Nigeria (OCN) Incubation Programme is open ( Up to €50,000 Funding)

Next Post
Application for the Orange Corners Nigeria (OCN) Incubation Programme is open ( Up to €50,000 Funding)

Application for the Orange Corners Nigeria (OCN) Incubation Programme is open ( Up to €50,000 Funding)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Dangote Refinery Reduces Petrol Price Below Official Rate
  • SMEDAN Licenses Business Development Service Providers to Boost MSMEs Across Nigeria
  • New Climate-Smart Initiative to Empower 25,000 Farmers in Nigeria’s Grain Sector
  • NECA, Stakeholders Push for Enabling Environment and Rights-Based Support to Strengthen MSMEs
  • TeKnowledge Launches AI-First Services and Cybersecurity Solutions to Drive Nigeria’s Digital Transformation

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.