Abba Aliyu, Managing Director of the Rural Electrification Agency (REA), has announced that Nigeria has secured $950 million in funding for the Distributed Access through Renewable Energy Scale-up (DARES) programme.
Speaking on Monday in Abuja during a renewable energy service company collaborative agreement signing ceremony, Aliyu reaffirmed the Federal Government's commitment to improving electricity access for 86 million Nigerians currently without power.
The funding includes $750 million from the World Bank and an additional $200 million from the Japanese International Development Corporation (JICA), secured in February 2025.
Key Highlights of the DARES Programme:
- $950 million funding secured to expand renewable energy projects.
- 17.5 million Nigerians to benefit from improved electricity access.
- 3 million via isolated mini-grids.
- 1.5 million through interconnected mini-grids.
- 12 million using mesh-free and standalone solar systems.
- 14 interconnected mini-grids already under development.
- N100 billion allocated for solarizing public sector institutions.
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The agreement was signed with nine renewable energy companies, including Ashipa Electric Ltd, De-Janees Concepts Ltd, Fox Power Ltd, MBH Power Ltd, Okra Solar PTY Ltd, Oando Clean Energy, Sosal Renewable Energy Ltd, and Welight Nigeria Ltd.
Aliyu emphasized that the government's goal is to establish Nigeria as the renewable energy hub of West Africa by ensuring adequate financing, project implementation, and a strong value chain.
Ademola Ogunbanjo, President/CEO of Oando Clean Energy, revealed plans to roll out 600MW power lines within the next year and build a solar panel manufacturing and recycling facility to support sustainable energy development.
The DARES programme marks a major step in Nigeria's push towards clean, affordable, and reliable electricity, reinforcing the country's leadership in Africa's renewable energy sector.
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