The President of the African Development Bank (AfDB) Dr. Akinwunmi Adesina, announced that the bank is set to undertake its ‘Desert to Power’ initiative in Nigeria. He announced that the initiative has already commenced in Morocco and Kenya.
The Desert to Power project is aimed at constructing the world’s largest solar power zone that would supply 10,000 MW of solar power in African countries.
“Renewable energy is the future,” Adesina said. He advised that Africans must tap into renewable energy, in particular solar. He noted that it would be a big disservice to Africans if the power of the sun were not converted energy, and that 600 million people in Africa have no access to electricity.
Adesina made this announcement on Wednesday, January 20, 2021 at the African Investment Conference organized by the UK’s Department of International Trade. The conference was designed to facilitate further investment relations between Africa and the United Kingdom.
In his interview with Emma Wade-Smith, Her Majesty’s Trade Commissioner for Africa, Adesina expressed his optimism in the investment environment in Africa, asserting that Africa is a continent where investment is feasible. Adesina noted that healthcare investment is particularly important.
Adesina made it known that while economic investments were pivotal, there is the need to invest in youths, too. He said that investing in the youth would help them effectively develop their business ideas.