Abuja, Nigeria – The Rural Electrification Agency (REA) has disbursed about N9 billion (approximately $5.77 million) to support the deployment of solar mini-grid projects across Taraba, Kogi, Kwara, and Niger states, according to a statement released on Sunday.
Okay News reports that the funding is backed by the agency’s Distributed Access through Renewable Energy Scale-up Programme’s performance-based grant framework, supported by a recently signed N100 billion Memorandum of Understanding with Lotus Bank. The projects span multiple states, with deployments aimed at improving electricity access in underserved communities.
Managing Director Abba Aliyu stated that the steady flow of funding reflects growing confidence in Nigeria’s renewable energy space. He noted that this is not a one-off event but a pattern of capital being deployed, projects moving forward, and confidence continuing to grow.
A breakdown shows that N7.95 billion was released to Havenhill to finance equipment for four mini-grid projects across Taraba, Kogi, and Kwara states. An additional N1.056 billion was disbursed to Faraday & Otstred Limited for mini-grid deployments across three sites in Niger State.
The latest disbursement comes shortly after President Bola Tinubu approved a N3.3 trillion payment plan to settle longstanding debts in Nigeria’s power sector. The REA’s solar mini-grid funding is part of broader efforts to diversify Nigeria’s power supply away from the national grid.
 has disbursed about N9 billion (approximately $5.77 million) to support the deployment of solar mini-grid projects across Taraba, Kogi, Kwara, and Niger states, according to a statement released on Sunday.){kind=link}