Rural Electrification Agency (REA) has revealed that it has secured $750 million funding that would provide electricity for 17.5 million Nigerians.
The Managing Director, REA, Abba Abubakar Aliyu, revealed this at the ongoing Nigeria Energy Leadership Summit organised by Informa Market in Lagos.
Aliyu said the agency was also improving the commercial viability of the players, which already commenced before the outcome of the World Bank report.
The REA boss called for an improvement in the commercial viability of the players, noting that private sectors must improve their financial viability.
Chairman and Chief Executive Officer of Genesis Energy, Akinwole Omoboriowo, stressed the importance of reliable power in driving economic growth and emphasised how partnerships were critical to solving energy challenges.
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