President Muhamamdu Buhari is currently meeting with the President of the African Development Bank, AfDB, Akinwumi Adesina at the Presidential Villa, Abuja.
Agenda of the meeting which is behind closed doors is however ever not made public.
Nigerian government had approached the bank for a $150 million loan facility, and another $50 million loan from African Grow Together Fund to finance the Nigeria electrification project.
It is not however clear if the meeting is connected to the project , which Minister of Finance, Zainab Ahmed said is a nation wide initiative to be implemented by the rural electrification agency.
READ ALSO: Hoodlums attack #ENDSARS protesters in Abuja
The project aligns with the strategy of federal government on electrifying rural community. The project has four components, first is solar hybrid mini-grid for rural economic development, the second is productive appliances equipment for up-grid communities and the third is energising education while the fourth component is institutional capacity building.
The impact of the project when fully implemented, about 500,000 people will be able to have access to electricity for about 105,000 households. The maximum power that will be generated will be 76.5 megawatts installed generating capacity part of which is 68,000 megawatts of solar.
The project will benefit eight universities and about 20,000 small, micro, medium enterprises across different communities in the nation.
