World Bank to support renewable energy schemes

World Bank hq20 June 2013, Lagos – In a bid to boost the agric sector, the World Bank will finance the use of solar power and other sources of renewable energy on farms.

Task Team Leader, Commercial Agriculture Development Project of the World Bank, Dr Lucas Akapa said this, Wednesday in Lagos at the 8th Joint FGN/World Bank Mission meeting .

He said farmers are losing a lot of their products because of poor power supply.

Akapa said the World Bank wants to ensure a continuous supply of energy for farmers in the five states benefitting from Commercial Agriculture Development Project. The states are Cross Rivers, Enugu, Kaduna, Kano and Lagos States.

He said the project will encourage farmers to diversify into renewable energy, adding that a proposal to include renewable energy support will be considered under the energy component of the project.

The World Bank official said the bank will work to explore the possibility of using palm oil production waste to produce energy in Cross River State.

– The Nation

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