Nigeria has been selected as one of the seven African countries to benefit from a $7 Billion United States power initiative.
The United State President, Barack Obama, made the announcement on Sunday while giving a speech at the University of Cape Town.
Other countries that will benefit from this initiative are Ethiopia, Uganda, Kenya, Liberia, Mozambique and Tanzania. It is believed that two-thirds of the people living in these countries, including Nigeria have no access to electricity.
The initiative will see the US Government pay for technical assistance, grant export credit and other measures in order to minimise the risk for companies hoping to do business in Africa.
Private companies including General Electric and Symbion Power are contributing a further $9 Billion to the project.