The Rural Electrification Agency, REA, has signed a series of Memoranda of Understanding aimed at unlocking over ₦500 billion in private-sector-led investment to boost energy access across underserved communities.
Held in Abuja, the signing ceremony brought together key stakeholders from agriculture, security, banking, and clean energy sectors under the theme ‘Strengthening Partnership for Sustainable Energy Access and Socio-Economic Development.’
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REA’s Managing Director, Abba Aliyu, said the MOUs represent concrete commitments rather than ceremonial gestures. He cited successful past collaborations, including the deployment of four smart police stations, the creation of a renewable energy testing hub with Huawei, and ₦100 billion in funding mobilised through First City Monument Bank.
Mr. Aliyu also announced MOUs with 13 state governments, which have already triggered the construction of 200 mini-grids. He emphasised REA’s shift toward long-term, commercially financed infrastructure delivery.
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