Climate Investment Funds to Provide $50 Million to Nigeria

February 22, 2013 08:08 AM EST By: Jennifer Rocha

Funds to support an African Development Bank program for renewable energy and energy efficiency projects

The funds, given by the CIF’s Clean Technology Fund (CTF), are to stimulate new ways to generate electricity and to reduce dependence on foreign energy sources.  The focus of the funds will be towards energy efficiency activities in sectors including power, agribusiness, transport, telecommunications, and education.

 

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