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This document highlights an initial $23 billion opportunity for financiers, donors, and other partners to contribute to the delivery of the Energy Transition Plan as the Government aims to secure a $10 billion support package by COP27 in Egypt. . The African Development Bank (AfDB) has committed a $1. 2 million grant to fund a feasibility study on Battery Energy Storage Systems (BESS) in Nigeria, marking a significant step toward the country's energy transition. Tinubu added that the system will provide electricity to 2 million Nigerians. Abdul Kamara, Director-General of AfDB's Nigeria country department, on Wednesday shared this development during the. . AfDB said that, implemented through the TCN, the project will assess grid integration, identify viable business and regulatory models to attract investment, and build the capacity needed for ownership and sustainability.
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