The Rural Electrification Agency (REA) has disbursed approximately N9 billion to support solar mini-grid projects across Taraba, Kogi, Kwara, and Niger states.
The funding is backed by the agency’s Distributed Access through Renewable Energy Scale-up Programme’s performance-based grant framework, supported by a recently signed N100 billion Memorandum of Understanding with Lotus Bank.
REA Managing Director Abba Aliyu stated that the steady flow of funding reflects growing confidence in Nigeria’s renewable energy space.
He noted that this is not a one-off event but a pattern of capital being deployed, projects moving forward, and confidence continuing to grow.
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A breakdown shows that N7.95 billion was released to Havenhill to finance equipment for four mini-grid projects across Taraba, Kogi, and Kwara states.
An additional N1.056 billion was disbursed to Faraday & Otstred Limited for mini-grid deployments across three sites in Niger State.
The projects aim to improve electricity access in underserved communities, part of broader efforts to diversify Nigeria’s power supply away from the national grid.
The latest disbursement comes shortly after President Bola Tinubu approved a N3.3 trillion payment plan to settle longstanding debts in Nigeria’s power sector.
Aliyu expressed that confidence continues to grow as capital is deployed and projects move forward, with the agency working alongside private sector partners to expand off-grid electrification.
The performance-based grant framework ensures that funding is tied to measurable outcomes, reinforcing accountability in the renewable energy push.
The REA’s initiative is expected to accelerate renewable energy adoption in rural areas while complementing ongoing grid expansion efforts.
