The European Union has allocated approximately 2.87 million euros (USD4 million) for the development of Nigeria's energy sector, Vanguard Nigeria reports. The money will finance a project that aims to reduce gas-flaring activities in Nigerian states located near the Niger Delta.
"The objective is to catalyze the development of natural gas and renewable energy markets and sustainable community-based energy facilities within and beyond target communities and target states, through policy reform and by demonstrating that alternative community-based energy facilities can provide sufficient power for meeting rural and urban community needs," the EU said in a statement.