The United States Agency for International Development (USAID) together with Power Africa, have concluded the four-year Renewable Energy and Energy Efficiency Project (REEEP) in Nigeria.
According to ThisDay, the $2.1 million project ran from March 2014 to February 2018, and was aimed at mitigating climate change, reducing carbon emissions, increasing economic opportunities, improving employment and ultimately sustaining development in the country.
Director, Office of Economic Growth and Environment, USAID, Roseann Casey, said the project was set up to raise awareness on renewable energy as the fastest, cleaner and cheaper way of providing power for Nigerians.
Chief of Party, Winrock International, the company that implemented the project, Javier Betancourt, said through the project, the company was able to provide training and capacity building for local citizens, and that the company had to work with some Nigerian banks to achieve the objective.
"We provided training for banks and financial institutions on how to create consumer financing products," Betancourt said.
