• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Wednesday, September 23
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
NRS Tax campaign
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Energy»Power»Power Africa Scheme- 50 Million Africans To Have Electricity In 2020
Power

Power Africa Scheme- 50 Million Africans To Have Electricity In 2020

By orientalnewsngFebruary 11, 2016No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Yemisi Izuora/Agency Report
power-line
As US President Barack Obama sign into law an initiative under the Power Africa Scheme, the coast is clearer to bring electricity to 50 million people in sub-Saharan Africa by 2020.

The US government has made financial commitments of $7bn to support the scheme, which it says in turn has drawn a further $43bn in investment pledged from other public and private partners.

President Obama promoted the scheme during his tour of Africa last year

The Electrify Africa Act of 2015 will give legal backing to Obama’s flagship Power Africa scheme, which is trying to improve access to electricity through public-private partnerships.

It took nearly two years to be passed in both houses of the US Congress.

About two-thirds of people in Africa do not have access to reliable power.

Observers say the new legislation is likely to ensure that the scheme continues even after Obama leaves the White House in 2017.

Many Nigerians are forced to rely on generators for their electricity supply

The scheme has set itself the long-term target of doubling electricity access in sub-Saharan Africa.

The legislation would “improve the lives of millions in sub-Saharan Africa by helping to reduce reliance on charcoal and other toxic fuel sources that produce fumes that kill more than HIV/Aids and malaria combined,” said House Foreign Affairs committee chairman Ed Royce, a long-time supporter of the initiative.

It would also “promote the development of affordable and reliable energy”, he added, in a statement.

Management consultant firm McKinsey estimates that it will cost $835bn (£575bn) to connect the entire continent’s population to electricity by 2030.

Aside from the US government, African governments, development partners, and the private sector are all involved in the Power Africa scheme.

Share this:

  • Share
  • Email a link to a friend (Opens in new window) Email
  • Tweet
  • Share on Reddit (Opens in new window) Reddit
fewatured Power Africa Scheme- 50 Million Africans To Have Electricity In 2020
orientalnewsng

Related Posts

Nigeria Pushes To Restore Stranded Capacity To Inject More Power To Grid Lines

September 23, 2026

Geometric Power Says Alternative Gas Supply Option To Boost Electricity Supply To Aba-Ring Fenced Area

September 22, 2026

NDPHC, Akwa Ibom State Set To Revive N4bn Ikot Abasi Power Project

September 22, 2026

Leave A Reply Cancel Reply

The latest
  • The Human Side of Data: How a Lagos Tech Pioneer Is Turning Privacy Policies Into Promises Kept
  • Smartphone Prices In Nigeria May Rise Over New Policy
  • NIMASA’s New Entrepreneurship Strategy Targets Young Business Operators In Nigeria
  • NEMA Intensifies Flood Preparedness As Report Shows Some Nigerian States To Face Flooding
  • Pathway Advisors Delivers Landmark Oversubscribed ₦45 Billion Hybrid Commercial Paper Offer For Zeenab Foods
  • OLAM Farms Seeks Cooperation Of NYSC To Boost Agricultural Development 
  • NCRIB President Calls On Brokers To Participate In Insurance Meets Tech 5.0
  • International Trade Centre, Access Bank To Boost SMEs Across 14 African countries
  • 200 Oyo State Youths To Benefit From Federal Government’s Poverty Reduction Scheme 
  • Lagos State Governor Sanwo-Olu Congratulates King Sunny Ade At 80
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2026 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.