The Rural Electrification Agency (REA) has signed a Memorandum of Understanding with seven companies to implement an ambitious distributed energy solution that aims to provide electricity to 17.5 million Nigerians.
This initiative is part of the Distributed Access through Renewable Energy Scale-up (DARES) project, which will be funded by a $750 million facility from the World Bank.
According to REA’s Managing Director, Ahmad Salihijo Ahmad, the signing marks a crucial milestone in Nigeria’s journey toward increased energy access and sustainability. He said the project will be implemented in phases, with the first expected to energise underserved communities and businesses, driving socio-economic development.
The DARES project, he explained, is structured to accelerate private sector investment in renewable energy. “This approach not only increases electricity access but also supports the creation of jobs and enhances local economic growth,” Ahmad noted.
Minister of Power, Adebayo Adelabu, reaffirmed the government’s commitment to supporting private sector-led initiatives, describing the DARES project as a critical component of Nigeria’s Energy Transition Plan. He said the partnership demonstrates the government’s focus on sustainable development and addressing energy poverty.
The companies involved in the agreement are expected to work closely with REA to roll out mini-grids, standalone solar systems, and other renewable energy technologies in targeted rural areas. The initiative is expected to generate over 100,000 jobs and significantly improve the livelihoods of millions across the country.
