The Managing Director, Rural Electrification Agency (REA), Abba Aliyu, has said that Nigeria has so far secured $950 million in funding for its Distributed Access through Renewable Energy Scale-up (DARES) programme.
Aliyu disclosed the development on Monday in Abuja during a renewable energy service company collaborative agreement signing ceremony with nine companies.
HeAliyu the Federal Government is determined to improve power supply to its 86 million citizens currently without access to electricity.
In delivering on this mandate, the companies involved in the deal include Ashipa Electric Ltd, De-Janees, Concepts Ltd, Fox Power Ltd, MBH Power Ltd, Okra Solar PTY Ltd, Oando Clean Energy, Sosal Renewable Energy Ltd, and Welight Nigeria Ltd.
Aliyu said the government had last year secured $750 million from the World Bank and another $200 million from the Japanese International Development Corporation (JICA) in February 2025 towards the actualisation of the project.
He stated that the government has given a clear mandate to REA to make Nigeria the renewable energy hub in West Africa.
