Nigerian Govt disburses N9bn to two firms for mini-grid deployment in four states
Business Nigerian Govt disburses N9bn to two firms for mini-grid deployment in four states Published on April 5, 2026 By Ogaga Ariemu googletag.cmd.push(function() { googletag.display('div-gpt-ad-1500386953281-8'); }); The Nigerian government has announced that two firms have secured a combined N9 billion financing for mini-grid deployment in four states. The Rural Electrification Agency, REA, disclosed this in a statement on Sunday. According to REA, the firms got N7.95 billion and N1.056 billion for minigrid projects across different areas in Taraba, Kwara, Kogi, and Niger states. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524595905268-5'); }); These allocations follow REA’s recent announcements of N7.4 billion and N3.2 billion in financing for two power firms. The facility is backed by the Federal Government’s Distributed Access through Renewable Energy Scale-up (DARES) program’s Performance-Based Grant (PBG) N100 billion in finance funding with a Nigerian bank. Commenting on the development, REA Managing Director, Dr. Abba Aliyu, lauded the consistent capital injection into Nigeria’s renewable energy sector. “What is particularly encouraging here is the consistency; this is not a one-off. It is a pattern of capital being deployed, projects moving forward, and confidence in the system continuing to grow. “For developers, this means access to the equipment and financing needed to deliver. For communities, it means faster timelines for reliable power. And for the market, it reinforces the point that local financing is stepping up in a significant way. “This is exactly the kind of energy we hoped to unlock where Nigerian financial institutions take the lead in powering Nigeria’s renewable infrastructure, backed by strong, performance-based frameworks. We are building momentum, and it is beginning to show,” Aliyu stated. Don't Miss Easter: Value addition better than criticism – Akunedozi tells Nigerians You may like Plateau Killings: Enough condemnation, take action now- Shariah supreme council to govt EFCC seeks permanent forfeiture of 57 properties linked to Ex-AGF, Malami to FG FG, private sector align on $50bn livestock investment to drive $74bn growth target Nigerian govt increases price of gas Jos Palm Sunday killings: Nigerian govt reacts, reveals next line of action Nigerian govt pressuring INEC to destabilise our party over Kwankwaso’s defection – ADC