Nigeria has secured €21 million in funding support from the Government of Germany to accelerate its clean energy transition and expand private sector participation in the renewable energy space.
The agreement was announced during the Working Group on Power, Energy, and Climate meeting held in Germany on November 3, 2025, where both countries signed a Joint Declaration of Intent on Bilateral Energy Transition Dialogue and Cooperation.
Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) will provide €9 million to the Nigeria Energy Support Programme (NESP) in 2024 and €12 million to the newly launched Energy Transition Challenge Fund (ETCF).
Minister of Power, Adebayo Adelabu, who represented Nigeria, described the funding as a major step toward achieving a sustainable energy system that supports inclusive economic growth.
“The financial mechanisms, including the Green Line of Credit for SMEs and private investment through GET.invest, are critical enablers,” Adelabu said. “Combined with technical expertise formalised in our Joint Declaration, we are building a comprehensive ecosystem for energy success.”
The NESP, a joint initiative between Nigeria and Germany, focuses on clean energy access, energy efficiency, and policy reforms in the power sector. The latest funding will expand renewable energy deployment in underserved areas and drive investment in off-grid and mini-grid projects.
The ETCF will support innovative projects that promote decarbonisation and green growth while strengthening local capacity for climate-resilient energy development.
Both countries reaffirmed their commitment to ensuring that the energy transition yields tangible socio-economic benefits for Nigerians.
The meeting also reviewed progress on the Presidential Power Initiative and proposed institutionalising annual high-level meetings from 2026 to enhance coordination and accountability.
