The Federal Government has announced progress in its drive to expand clean energy access across the country, revealing that the Rural Electrification Fund has attracted N5.8bn in private sector investment.
The programme managed by the Rural Electrification Agency is part of a broader strategy to stimulate rural development through sustainable energy solutions to underserved Nigerians.
The REA Managing Director, Abba Aliyu, disclosed this during the “REF Call 3 Grant Award Signing Ceremony and Access to Finance Workshop” held on Tuesday in Abuja.
At the ceremony, the electrification agency and about 58 companies signed agreements to provide solar mini-grids and solar home systems.
The REA MD said the event represents the agency’s renewed commitment to transforming lives through sustainable and inclusive energy access.
Represented by the Executive Director, Corporate Service, Ayoade Adegboyega, the REA boss said its interventions have enabled the deployment of 124 mini-grids, the installation of over 25,580 Solar Home Systems, and the empowerment of 18,013 micro, small, and medium enterprises.
He stated that the interventions culminated in the achievements of 16.6MW of renewable energy installed capacity and created over 26,000 jobs and averted 91,720 tons of CO2 emissions.
