August 2, 2025
Business Economy

AfDB Approves $1.2 Million Grant for Nigeria’s Battery Energy Storage Feasibility Study

Abuja, Nigeria | July 31, 2025 — The African Development Bank (AfDB) has approved a grant of $1.2 million to fund a comprehensive feasibility study on battery energy storage systems (BESS) in Nigeria, as part of ongoing efforts to strengthen the nation’s energy transition and grid reliability.

The funding, provided through AfDB’s Sustainable Energy Fund for Africa (SEFA), will support the Nigerian government in evaluating the technical, economic, environmental, and social viability of deploying large-scale battery storage across the power sector.

According to the AfDB, the study will lay the groundwork for future investments in energy storage infrastructure, which is crucial to integrating renewable energy sources, improving electricity access, and reducing grid instability caused by intermittent power generation.

The initiative is expected to facilitate Nigeria’s decarbonization efforts and help address persistent electricity challenges by enabling more efficient load management and energy dispatch, especially in areas with limited access to consistent power supply.

The bank stated that Nigeria’s growing population and urbanization rates make modern energy infrastructure a top priority for inclusive development and economic resilience.

This grant aligns with Nigeria’s national commitment to clean energy development under the Energy Transition Plan and supports the broader goals of AfDB’s Desert to Power initiative, which seeks to bring solar energy to millions across the Sahel region.