Lack of access to energy, specifically electricity, and infrastructure continues to pose pressing social and economic challenges to Nigerians and the economy. The situation has significantly contributed to the low competitiveness and poor performance of the productive sectors, particularly agriculture, manufacturing, and healthcare.
In realization of the need to address the various challenges, the CBN introduced several interventions to help develop Nigeria’s infrastructure stocks. The Bank’s intervention programmes and schemes in the energy sector improve the liquidity and capacity of the Nigeria Electricity Supply Industry (NESI) by enhancing Distribution Companies' (DisCos) capacity to meet their financial obligation to the upstream market participants, while making critical infrastructure investment available to support service delivery and collection efficiency.
These programmes include Power and Airline Intervention Fund (PAIF), Nigeria Electricity Market Stabilization Facility (NEMSF), Nigeria Bulk Electricity Trading-Payment Assurance Facility (NBET-PAF), Shared Agent Network Expansion Facility (SANEF), National Mass Metering Programme (NMMP), Solar Connection Facility (SCF) and Family Homes Financing Initiative (FHFI).