• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Sectors Energy

Electricity: REA to power 250,000 households in 2024

Cyrus Ademola by Cyrus Ademola
October 22, 2023
in Energy, Sectors
electricity
Share on FacebookShare on TwitterShare on Linkedin

The Rural Electrification Agency (REA) is set to provide support to 250,000 households with initiatives such as electric mobility, mini-grids, and home systems.

Malam Mutari Ibrahim, the Director of Promotion and Outreach (PIO) said this in a statement in Abuja.

  • “In response to subsidy removal, REA is implementing interventions to develop electric mobility, mini-grids, distribute home systems, deploy streetlights, potentially supporting up to 250,000 households in the coming year,” he announced.

Ibrahim said that the agency had equally deployed more than 1,650 kilometres (KM) of solar streetlights, improving power, security, and economic growth in rural areas.

MoreStories

Ranking Nigerian Banks that have declared the most dividend in 5 years

UBA, Zenith Bank, Access Corp lead analysts’ projections of Tier-1 Banks returns for 2026 

February 11, 2026
Federal High Court

Court jails two Chinese 46 years for N3.4bn, $2.5m cyberterrorism and internet fraud  

February 11, 2026

According to him, REA has accomplished 1,403 projects within the capital budget, providing solar streetlights, mini-grid projects, standalone home systems, and grid extension works.

  • “Through various programmes, including the Energizing Education Programme. Energizing Agriculture Programme beyond COVID-19, and Economic Clusters, REA delivered more than 65 Mega Watts (MW) of power across Nigeria’s six geo-political zones.
  • ”The agency has delivered more than 500MW of power, electrified numerous communities, created 500,000 new jobs, and attracted over two billion dollars in investments in the renewable energy sector over the past decade.
  • ”In advancing these achievements, we have established partnerships with the World Bank, the African Development Bank, and the Global Alliance for People and Planet (GEAPP),” he said.

Key Partnerships with other Agencies

Speaking further, Ibrahim noted that REA is working in collaboration with other stakeholders to accomplish the feat of providing accessible electricity to homes in rural communities.

According to him, this strategic partnership enables the agency to achieve its objective of powering homes and small businesses across the country.

He said,

  • “Other partnerships secured are with Rocky Mountain Institute (RMI), Japan International Cooperation Agency (JICA), Sustainable Energy for ALL (SE4ALL), Agence Française de Développement (AFD), and the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF).
  • He said that the agency also secured partnerships with the European Union, the United Nations Industrial Development Organisation (UNIDO), the Global Environment Facility (GEF), and the United States Agency for International Development (USAID).
  • ‘Others are the United Nations Development Programme (UNDP), and the Korean Institute of Advancement of Technology (KIAT)”.

More on the Story

Ibrahim said that from 2020 to date, REA has provided power to more than 7.5 million people, including 1.5 million households, delivering 130 Mini-Grid Projects, including 1.3 million standalone home systems.

According to him, most recently, the Nigeria Electrification Project (NEP), and REA negotiated and secured the advance approval of a 750 million-dollar facility with the World Bank.

The aim he said was to expand renewable and rural electrification initiatives, providing additional resources to Nigeria during a challenging period.

  • ”In 2022, as part of the National Poverty Reduction and Growth Strategy (NPRGS) Programme, REA secured an additional four billion in capital injection grants.
  • ”To provide clean power standalone home systems to more than 50,000 locations, including rural homes, micro-businesses, schools, and faith-based institutions,” he added.

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: REA
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Next Post
petrol subsidy

SERAP sues federal lawmakers, wants court to stop them from receiving N57.6 billion SUVs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics