FG SET TO BEGIN $750 MILLION WORLD BANK ELECTRIFICATION PROJECT FOR 17.5 MILLION NIGERIANS

October 3, 2024October 3, 2024

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According to the Rural Electrification Agency (REA), the Federal Government will launch a new rural electricity initiative, funded by the World Bank, to bring energy to 17.5 million Nigerians beginning November.

Abba Aliyu, the organisation’s managing director, confirmed this on Channels Television’s Sunrise Daily program on Thursday. He also stated that his organisation wants to provide low-cost energy alternatives to educational institutions utilising renewable energy sources.

He explained that the Distributed Renewable Energy Scaleup project aims to provide electricity to up to 17.5 million Nigerians utilising renewable energy sources.

Aliyu said, “For example, there’s a new project that we are starting next month called the Distributed Renewable Energy Scaleup project which is a $750 million financed (project) by the World Bank. The target of that project is to electrify 17.5 million Nigerians and I must say that this is one of the most ambitious projects in the world based on my understanding.

“Apart from India which has moved many unelectrified people to have electricity access, there’s no other country that has an ambitious project like this so this is a project that we are starting.”