EU, Germany Launch GET.Invest Initiative To Facilitate Access To Finance

The European Union (EU) and Germany yesterday launched the Nigeria Country Window initiative in Lagos state to address Nigeria’s electricity access challenges, particularly in rural areas. 

The initiative, which will accelerate investments in renewable energy solutions by unlocking finance for sustainable energy projects and businesses, specifically tailoring them to the Nigerian context, is being implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). 

The initiative will closely cooperate with other donor-funded initiatives in Nigeria, particularly the Nigerian Energy Support Programme (NESP), which has been co-funded by the EU and the German Federal Ministry for Economic Cooperation and Development (BMZ) since 2013. 

Inga Stefanowicz ,Team Leader for Green and Digital Economy at the EU Delegation to Nigeria and ECOWAS, while speaking at the launch of the Nigeria Country Window initiative, organised by GET.invest Nigeria, highlighted the importance of the initiative: “The EU remains committed to supporting Nigeria’s energy transition and sustainable economic growth. Reliable electricity is essential for economic development, and unlocking finance for renewable energy solutions is a critical step toward bridging Nigeria’s energy access gap. 

“Through GET.invest Nigeria, we aim to facilitate access to finance for renewable energy projects that will benefit businesses and communities across the country.”