Investor Presentaiton
PARTNERSHIPS
Nigeria has strong development partner support and has established the Rural
Electrification Fund for off-grid development
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REA established the Rural Electrification Fund (REF) to support the Federal Government of
Nigeria's (FGN) Rural Electrification Strategy and Implementation Plan (RESIP), in order to
help finance rural electrification expansion in Nigeria.
The REF has a legal mandate to promote "fast and cost-effective expansion of
electricity access in un-electrified rural areas evenly across the different geopolitical
zones in Nigeria” through both off-grid and on-grid electrification solutions.
There is strong support from The World Bank, which is working with the FGN to develop a
five-year Nigeria Electrification Project (NEP), expected to be finalized by The World Bank
in April 2018 and implemented by REA.
- The World Bank's contribution for NEP is expected to be $350 million, with $150 million
allocated to minigrids.
Minigrids developed under NEP are expected to serve 200,000 households and 50,000
local enterprises.
- The project is nationwide in scope, with early activities expected in Niger, Plateau,
Kaduna, Sokoto and River states.
The NEP will be implemented under a market-based approach-private firms are
expected to develop minigrids, with subsidies from REA. It is expected that about 1,200
mini grids will be developed under the project.
RURAL ELECTRIFICATION AGENCY
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