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Nigeria Needs $23bn to Close Electricity Access Gap – REA

Mark Itsibor by Mark Itsibor
3 months ago
in News
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Nigeria will require about $23 billion to bridge electricity access gaps in underserved and unserved communities across the country, the Rural Electrification Agency (REA) has said.

Managing Director of the agency, Abba Aliyu, disclosed this in Abuja during the launch of a solar microgrid project at the United Nations House.

Aliyu said the estimate followed a nationwide electricity access mapping exercise conducted by the agency.
According to him, the exercise identified about 143,000 communities across Nigeria with varying levels of electricity access.

He explained that while some communities have partial access to electricity, many others remain completely unserved, highlighting the scale of the country’s energy access challenge, ARISE News reported.

Aliyu noted that addressing the gap would require significant investment in decentralized and renewable energy solutions, particularly solar-based systems.
He said the REA has been deploying off-grid power solutions, including solar mini-grids and standalone systems, to bring electricity to rural and remote communities.

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The agency believes these solutions provide a faster and more cost-effective approach to expanding power access in areas that are difficult to reach through the national grid.

At the event, officials also launched a solar microgrid project at the UN House in Abuja.
According to the REA, the project is expected to significantly reduce energy costs at the complex while improving reliability of power supply.

Aliyu said the solar installation could cut electricity costs at the facility by about 40 per cent annually. He noted that the project also demonstrates the potential of renewable energy solutions to lower operational costs and support sustainable energy transition in Nigeria.

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Mark Itsibor

Mark Itsibor

Mark Itsibor is an economy and finance journalist with over 13 years of experience across Nigeria's media landscape, specialising in macroeconomic policy, financial markets, fiscal reforms, and public finance. He is known for well-researched reports and analytical features that inform policy conversations and support public understanding of complex economic developments.

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