USAID, Chapel Hill partnership attracts N245b to Nigeria

The United States government, through the United States Agency for International Development and a leading Nigerian investment bank, Chapel Hill Denham said their partnership has attracted ₦245 billion in investment to Nigeria’s infrastructure space.

Attendees included domestic investors and private-sector companies who wield over ₦20 trillion in institutional capital and investment expertise in power, renewable energy, agriculture and water, sanitation as well as hygiene.With over 85 million citizens lacking access to electricity, Nigeria has the highest number of people living without electrical power in the world.

USAID, through the Power Africa and Prosper Africa Initiatives, and Chapel Hill Denham said they are tackling the challenges by mobilising investment in Nigeria’s electricity supply industry. Speaking at the conference, USAID Mission Director to Nigeria, Melissa Jones, emphasised how investing in infrastructure supports development goals, drives innovation, creates jobs and ensures long-term profitability for businesses and investors alike.

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