Ogun State has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) and Renew Power Limited to establish a 500MW Solar Photovoltaic (PV) Manufacturing Plant. The project is set to enhance local energy access and crea… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Ogun partners REA renew power to boost SME energy access By Abimbola Akomolafe on October 15, 2025 Ogun State has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) and Renew Power Limited to establish a 500MW Solar Photovoltaic (PV) Manufacturing Plant. The project is set to enhance local energy access and create a more reliable power supply for small and medium enterprises (SMEs) across the state. Governor Dapo Abiodun said the initiative aligns with the state's drive to strengthen industrial growth and reduce production costs for local manufacturers. Read also, Ogun partners REA renew power to boost SME energy access Katsina deepens local security framework for safer business climate India, Mongolia strengthen economic ties for shared growth Customs posts ₦658.6bn revenue, drives SME trade efficiency Economists applaud Nigeria's economic reforms, urge policies for inclusive growth The plant will also generate jobs, stimulate clean energy innovation, and reduce reliance on imported energy components. By building local capacity, Ogun State aims to position itself as a major hub in Africa's renewable energy ecosystem. The government reaffirmed its commitment to fostering partnerships that promote sustainability, empower SMEs, and attract investments that drive inclusive economic growth.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110