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Rural Electrification Agency

AfDB okays fresh $200 million for Nigeria’s power sector

The African Development Bank (AfDB) Group Monday said it provided $150 million for the project. The balance of $50 million was issued from the Africa Growing Together Fund (AGTF) – a $2 billion facility sponsored by the People’s Bank of China.

REA: 1.5mw power project ready for Lagos Sura Shopping Complex

The Rural Electrification Agency says the 1.5 megawatts Independent Power Project (IPP) built for regular power supply to Sura Shopping Complex, Lagos and its environs is ready.

Ikechi Emenike: We have Abia treasury looter’s list

Director, Field Operations, 2015 All Progressive Congress (APC) Presidential Campaign, Chief Ikechi Emenike, Sunday, said the party has list of names of looters of Abia State treasury and the amounts involed.
3 President Buhari receives in audience delegation of Ogoni Leaders led by HRM King G.N.K. Gininwa (JP) OFR, Gbenemene Tai Kingdom, President Supreme Council of Ogoni Traditional Rulers in Statehouse on 14th Sep 2018

China proposes $2 billion textile industry for Abia, other states

President Muhammadu Buhari has secured a $2 billion loan to establish cotton plantation and textile factories in Abia, Kano and Lagos states.
2 President Buhari receives in audience delegation of Ogoni Leaders led by HRM King G.N.K. Gininwa (JP) OFR, Gbenemene Tai Kingdom, President Supreme Council of Ogoni Traditional Rulers in Statehouse on 14th Sep 2018

Abia monarchs praise Buhari over infrastructural development in South-east

Traditional rulers from Abia State have praised President Muhammadu Buhari over infrastructural development by his administration in the South-east region.
3 President Buhari receives in audience delegation of Ogoni Leaders led by HRM King G.N.K. Gininwa (JP) OFR, Gbenemene Tai Kingdom, President Supreme Council of Ogoni Traditional Rulers in Statehouse on 14th Sep 2018

President Buhari: South-East to benefit from $2 billion China’s investment

President Muhammadu Buhari says the new investment commitments coming into Nigeria’s textile sector, of which Aba is a major beneficiary, will be actualized within the shortest possible time.

REA: Nigerian businesses spend estimated N5 trillion annually on generators

Sanusi Ohiare, executive director of rural electrification fund, Rural Electrification Agency (REA), says an estimated N5trn is expended yearly on importing, fuelling and maintaining generators by businesses in the country.

DisCos: Minister Fashola spending $5.6 million to generate 1mw of electricity instead of $1.5...

The Association of Nigerian Electricity Distributors has accused the Minister of Power, Works and Housing of spending $5.6 million to generate 1 megawatt of electricity instead of $1.5 million proposed by power developers from the private sector.

Federal government to electrify over 39,000 shops in Ariaria, 3000 in Sabon Gari markets

The Minister of Power, Works and Housing, Babatunde Fashola, says the Federal Government will provide electricity for over 39,000 shops in Ariaria International Markets Aba in Abia before the end of the year.

Vice President Osinbajo: Federal govenrment to power varsities with solar energy

Vice President Yemi Osinbajo, SAN, has said that ‘despite the sectoral challenges, the Buhari administration will complete major projects that will improve the power sector in the country and also implement a plan that will provide solar energy in a number of universities in the country.

AfDB to spend $711m on projects in Nigeria

The African Development Bank (AfDB) on Friday said it would invest 711.5 million dollars in some projects in the country including power supply.

REA to develop 10,000 electricity mini grids for rural communities

The Rural Electrification Agency (REA), on Wednesday, announced that it would develop 10,000 electricity mini grids to support electrification of rural communities in the country.

Nigeria to issue N150 billion green bonds in 2018

Following increased calls for climate funding, Ahmad Salihijo, a technical assistant to the Minister of Environment, said the ministry planned to issue N150 billion green bonds to the public.

No fraud in universities power projects – Babatunde Fashola

He said all that was required would have been “a simple letter” requesting his ministry or the agency to clarify issues that agitated lawmakers about the projects.

Federal govt gives DisCos investment work plan for unutilised power

The Federal Government said it will present to electricity Distribution Companies (DisCos) with investments work plan to build 33/11/0.415kV lines and distribution substations to utilise the 2,000 megawatts (MW) generated but currently unutilised.

Why we are electrifying 37 universities, teaching hospitals – federal govt

According to the government in a note the REA which manages the EEP, the government has divided its implementation of the EEP into two phases, of which the first phase would be implemented in nine universities and one teaching hospital.

N10bn universities solar project aimed at developing education sector – power ministry

The project, is part of the Energizing Education Programme (EEP) of the Federal Government aimed at rejuvenating the nation’s education system by providing uninterrupted power supply to the institutions, the ministry said.

Senate queries N10 billion expenditure on solar power for universities

The Senate Committee on Power, Steel Development and Metallurgy, yesterday demanded explanation on the solar power projects for nine universities estimated to gulp a whopping sum of N10 billion.

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