The ECOWAS Bank for Investment and Development EBID and the Government of Taraba State in Nigeria have signed three landmark loan agreements worth a combined USD 268 million to finance major industrial, agricultural and renewable energy projects.
The agreements were signed on 26 June at EBID's headquarters by Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and Dr Agbu Kefas, Executive Governor of Taraba State, who led a high-level delegation of government officials, technical advisers and development partners.
The financing package comprises three strategic investments designed to accelerate the state's economic development. The largest allocation, USD 98.19 million, will fund the construction of a 50 MW solar photovoltaic plant in Jalingo, improving grid reliability, expanding access to clean energy and supporting industrial growth.
