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REA, Yobe Set To Convene Strategic Roundtable On 2023 Electricity Act

by Leadership News
3 months ago
in Business
Reading Time: 2 mins read
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In line with the advancement of the strategic engagement with the private sector and the sub-nationals, being led by the Rural Electrification Agency (REA), towards the optimisation of the tenets of the 2023 Electricity Act, the Agency is set to convene the REA–Yobe State Roundtable themed “Powering Yobe, Powering Growth: Unlocking Energy Access for Agriculture, Innovation, and Local Investment”.

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This event is scheduled for the 26th of June, 2025 in Abuja. Now a strategic platform for impactful collaboration in the nation’s electricity market, the Agency invites frontline stakeholders in the clean energy ecosystem, including private sector players and development finance institutions to this strategic, solution-focused Roundtable.

Subsequent to the passage of the 2023 Electricity Act by President Bola Ahmed Tinubu, GCFR, the Yobe State Government established the Public-Private Partnership and Investment Promotion (YAPPPIP), under the leadership of Yobe State governor, Hon. Mai Mala Buni, CON.

YAPPPIP was established to initiate, facilitate and consummate public-private-partnership (PPP) initiatives and develop appropriate institutional and regulatory framework for Investment Promotion in the state. This mechanism, and other forward-leaning strategic mechanisms the State has put in place, serves as a backbone for strengthening the renewable energy market in Yobe State

Leaning on the strategic efforts of the Honourable Minister of Power, Chief Adebayo Adelabu, the REA’s State-by-State Strategic Roundtables continue to serve as a meeting point for collaborative partnerships between the public and the private sector, with REA playing a pivotal role as a facilitator.

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The Roundtable, initiated under the leadership of Abba Abubakar Aliyu, the MD/CEO of the Rural Electrification Agency, is designed to explore data-driven strategies, business models and investment opportunities targeted at improving the States’ electricity market.

By design, these State-by-State Roundtables are opportunities to exploit the tenets of the NESIP; strengthening PPPs for data-driven clean energy projects in the States; supporting the States’ efforts on improved electricity distribution and renewable energy integration; exploring investment opportunities in the States’ Electricity market and exploring technology options for improved, sustainable energy access in the State.

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