Upgrade the national electricity distribution network

This program seeks to back private electricity distribution companies in accessing focal financial markets to fund the realization of their investment plans, particularly for the rehabilitation and modernization of the Nigerian electricity distribution network. These plans will contribute to the reduction of losses and improvement of service quality.The program will include:a concessional credit facility of USD 150 million, will be available for local banks to finance the investment plans of DISCOs,a technical assistance program under the responsibility of the Association of Nigerian Electricity Distributors (ANED): it will ease the enforcement of the credit line, enhance DISCOs' access to local funding and promote the sharing of experience and good practices amongst DISCOs.This plan revolves around three types of players: DISCOs, participating Nigerian banks and participants in the ANED technical assistance program. Banks will be responsible for identifying and financing investments as well as monitoring the use of funds and their impact.