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FG Mobilises Contractors to Complete Abandoned Rural Electrification Projects, Targets ₦1tn in New Funding

The Federal Government has announced the mobilisation of contractors to resume and complete all previously abandoned rural electrification projects across the country.

This was revealed by Abba Aliyu, Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), during a media chat at the launch of Bellazir Energy Limited in Lagos on Tuesday.

Aliyu stated that while he inherited numerous stalled projects possibly close to 1,000 none remain abandoned as of today.

“We met a number of abandoned projects. I’m not sure if they are up to a thousand. But as of today, there is no single abandoned project,” Aliyu said. “We have paid outstanding dues, mobilised contractors back to sites, and completed the projects. Some may be incomplete due to limited budget provisions, but none are abandoned.”

Major Initiatives and Renewable Energy Push

Aliyu outlined several bold initiatives underway at the agency to close Nigeria’s electricity access gap, including a planned ₦1 trillion funding drive backed by a new energy asset company.

“The Honourable Minister of Power, Adebayo Adelabu, has approved the establishment of the Renewable Energy Asset Management Company. It will warehouse large-scale REA projects and leverage its balance sheet to raise more capital potentially up to ₦1 trillion for further implementation,” he said.

He also mentioned other initiatives including:

Establishment of a Renewable Energy University (currently undergoing feasibility study)

Energising Education Phase Three, covering 8 universities nearing completion

Plans for Phase Four, targeting another 8 institutions

The universities involved in Phase Three include:

University of Yola

University of Port Harcourt

University of Uyo

Federal University of Technology, Imo

Federal Universities in Nasarawa and Lokoja

Phase Four is expected to cover:

Obafemi Awolowo University

University of Ibadan

University of Lagos

University of Nigeria, Nsukka

Ahmadu Bello University

University of Benin

Federal Universities in Taraba and Jigawa

Local Solar Panel Manufacturing Gets Federal Backing

Aliyu also addressed ongoing efforts to boost local manufacturing of solar photovoltaic (PV) panels, revealing his recent inspection of a PV production plant in Ikotun, Lagos, with a 100MW production capacity.

“There’s been debate over whether the federal government plans to ban PV panel imports. Our priority is localisation. We’ve inspected a factory here and are impressed by the quality control and production standards. We’re committed to encouraging more of such investments,” he said.

Bellazir Energy and Gender Inclusion

Commenting on the launch of Bellazir Energy Limited, Aliyu described the new company as a step forward in promoting gender inclusivity in Nigeria’s energy sector.

He added that Bellazir intends to expand into the renewable energy space, aligning with broader federal goals of sustainable and inclusive energy access.

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Opeyemi Owoseni

Opeyemi Oluwatoni Owoseni is a broadcast journalist and business reporter at TV360 Nigeria, where she presents news bulletins, produces and hosts the Money Matters program, and reports on the economy, business, and government policy. With a strong background in TV and radio production, news writing, and digital content creation, she is passionate about delivering impactful stories that inform and engage the public.

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