The Rural Electrification Agency (REA) said it has provided 52 megawatts of electricity to five million Nigerians through 1,022 connections funded with a $550 million (N241.8 billion) grant from the World Bank and the African Development Bank (AfDB).
The NEP has five components comprising $213m for solar hybrid mini grid project, $75m for standalone Solar Home Systems (SHS), $250m for the Energising Education Programme (EEP) for 15 universities and two teaching hospitals. The two others are $20m for Energy Efficient Equipment to fund appliances that can generate funds like pop-corn making machines; and $37m for technical assistance and capacity building.
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