Connect with us

Business News

United Kingdom Supports REA’s Electrification Programmes With 10 Million Pounds Facility

Published

on

The United Kingdom is supporting Nigeria’s rural electrification sector with the sum of £10 million facility.

The Team Leader for Economic Development, Foreign, Commonwealth and Development Office, Gail Warrander, disclosed this while making presentation at the just concluded two-day workshop between 9th and 10th of May 2022.

The workshop was organized by the Rural Electrification Agency (REA) in partnership with the Africa Clean Energy- Technical Assistance Facility (ACE-TAF) and the Nigeria Governors’ Forum.

The workshop served as a platform for the REA to convey its programmes and initiatives to the state governments and critical stakeholders at the workshop for a better understanding of its operations, and to achieve implementation sustainability and enhanced performance across all its programmes.

It also provided an avenue for the REA to listen to the challenges faced by the States and proffer solutions that are critical in advancing the course of the REA Mandate and improving the energy sector.

According to Mr Gail Warrander, “The United Kingdom (UK) is supporting the sector through the Africa Clean Energy – Technical Assistance Facility (ACE-TAF), and a 10 million pounds facility to InfraCredit to de-risk insurance and pension funds invested in the sector, as well as other programmes.

“States have a critical role to play in developing policies and plans to support offgrid energy; through easy access to land for minigrids and simplified permits but also, they are best-placed to match potential locations for minigrid and stand-alone solar systems with households and businesses.”

The Nigeria Country Manager for ACE-TAF, Chibuikem Agbaegbu while giving his presentation said: “We are positive that this collaboration between the Federal Government through the REA and the State Governments will accelerate energy access delivery in States especially in the rural un-served and under-served communities.

“We are happy to be partners to both REA and the State Governments on this initiative, and will continue to support both parties in ensuring Nigeria meets its electricity targets”

Earlier in a welcome remarks, the Managing Director/CEO of REA, Ahmad Salihijo Ahmad said: “It is important that the state governments support us in some key areas such as fast-tracking land approvals, environmental & social approvals and other associated permits and approvals, provision of data of unserved & underserved communities within the States, creating an enabling environment for private sector developers and providing an interface between the REA, the States and the Developers towards ensuring the sustainability of projects in their States.”

While declaring the workshop open, Minister of State for Power, Goddy Jedy-Agba, said: “I believe that a stakeholder engagement such as this, beyond helping to stimulate growth in our critical sectors, ultimately enables the exchange of valuable ideas targeted at national development.”

The Chairman of the Nigeria Governors’ Forum, Dr. Kayode Fayemi through his representative, Dr Abdulateef Shittu, the Executive Director, Nigeria Governors Forum, commended the management of REA for living up to its mandate of expanding rural electricity access across the rural frontiers of the country.

He assured that the States are committed to the success of rural electrification programmes emphasizing that the rural economy is central to the overall national economy which is predicated on effective and robust rural electrification scheme, according to the statement by the REA Director of Promotions, Ayang Ogbe.

Advertisement
Click to comment

Leave a Reply

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

FIRS – Dial *829#

Our Naira Our Pride

NNPC: WE ARE HIRING

THE RENEWED HOPE AGENDA

ADVERTISEMENT

PRESS RELEASE

Click to read full text


CAVEAT EMPTOR

Advertisement

CBN Advert

Click the link to visit
Advertisement
Advertisement
Advertisement

Happy New Year

Facebook

Advertisement
Advertisement

Breaking News...