|Approval Date||28 Oct 2009|
|Signature Date||30 Mar 2012|
|Planned Completion Date||31 Dec 2015|
|Last Disbursement Planned Date||31 Dec 2015|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||23630|
The Energy Sector and Economic Reform Program (EPSERP) is the Bank's first budget support operation in Nigeria. The EPSERP is part of the second pillar of the Country Strategy Paper (CSP) 2005-2009, which aims to stimulate private-sector-led growth in the non-oil sector through infrastructure strengthening, agricultural and rural development. The programme will be implemented through two main components: (i) sustainable improvement of the electricity grid and the business environment; and (ii) sustainable growth through the implementation of sound macroeconomic policies and budgetary priorities. The expected outcomes of the EPSERP are: (i) continued macroeconomic stability; (ii) sustained growth in the non-oil sector; (iii) increased access to electricity; and (iv) an improved environment for private sector participation in the energy sector.
The aim of the EPSERP is to help ensure reliable and affordable access to electricity for all Nigerians in order to promote economic diversification, maintain growth, create jobs and reduce poverty. Its operational objective is to support the implementation of the Government's development programme, which aims to improve the electricity grid and the business environment in a sustainable manner with a view to promoting the active participation of the private sector in financing the energy sector in the medium term.
The programme will benefit the entire Nigerian population, including residential and non-residential electricity consumers. Its impact will be felt through increased access to a more reliable, better quality and lower-cost electricity supply. Overall, the well-being and quality of life of all Nigerians will improve.
African Development Fund
Ministère Fédéral des Finances (MFF)
|Last Update||04 Oct 2022|
|Name||NJERU Anthony Karembu|