The Rural Electrification Agency (REA) has signed a landmark series of Memoranda of Understanding (MoUs) with leading private sector players to attract over ₦500 billion in investments toward the development of rural power infrastructure across Nigeria. This initiative marks a major step forward in President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes access to affordable, reliable electricity for millions of Nigerians in underserved and off-grid communities.
The partnerships, sealed on the sidelines of the Nigeria Energy Forum and other high-level investor engagements, are aimed at scaling up mini grid deployment, solar home systems, and productive-use energy solutions in rural areas. According to REA’s Managing Director, Ahmad Salihijo Ahmad, the agreements are part of a wider strategy to mobilize private capital, enhance public private collaboration, and reduce the rural urban energy divide. The ₦500 billion target reflects President Tinubu’s determination to make energy a catalyst for rural development, job creation, and inclusive economic growth.
Under President Tinubu’s leadership, the REA is being repositioned as a vehicle for driving impact-oriented, investor-friendly reforms in the power sector. The administration’s broader commitment to energy transition, digital innovation, and infrastructure financing has begun to yield results, laying the foundation for a more equitable and prosperous energy future for all Nigerians.
