REA Connects 5m Users With N241bn Solar Power Grant

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.