The Federal Government, in collaboration with the International Solar Alliance, has launched a $500m Distributed Renewable Energy Nigeria Fund to accelerate solar energy deployment nationwide.
This was disclosed in a statement on Wednesday by Bolaji Tunji, media aide to the Minister of Power, Adebayo Adelabu.
The agreement was formalised by Adelabu and ISA Director-General Ashish Khanna during the Seventh Regional Committee Meeting for Africa held in Accra, Ghana, from September 2 to 4, 2025.
According to the statement, the framework establishes a robust three-year action plan to accelerate Nigeria’s solar adoption.
The $500m DRE Nigeria Fund is designed to catalyse investment in renewable energy projects, backed by stronger regulatory support from the Ministry of Power.
The plan prioritises advocacy, capacity building, and programmatic support. Specific initiatives include scaling up solar use in agriculture, promoting rooftop solar adoption, deploying mini-grids, and establishing a Solar Technology and Application Resource Centre.
