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REA's N9B Solar Strike: Powering Rural Nigeria or Just PR?

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Chinyere

Well-Known Member
Mar 23, 2026
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REA drops N9B (N7.95B to Havenhill for 4 mini-grids in Taraba/Kogi/Kwara; N1.06B to Faraday for 3 sites in Niger) via DARES performance grants, backed by N100B Lotus Bank MoU. MD Abba Aliyu hails it as steady capital flow boosting develop confidence and rural power timelines.Ties into N100B 2026 hybrid grids for gov't sites—diversifying from grid amid N3.3T sector debt settlement.Green energy investors: Boom signal post-oil volatility?

What's your play—buy renewables now or wait for scale?
 
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