FG Seeks Private Funding To Close $2.5 Billion Electricity Gap
FG Seeks Private Funding To Close $2.5 Billion Electricity Gap

FG Seeks Private Funding To Close $2.5 Billion Electricity Gap

On at about 16:48:56 PM, FG Seeks Private Funding To Close $2.5 Billion Electricity Gap was updated.

Raed!: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap

The Federal Government has called for more private sector funding to close an energy gap of $2.48 billion meant for 80 million Nigerians to have access to electricity.

The Managing Director and CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad, disclosed this on Saturday at a workshop for members of the House of Representatives by the agency in Abuja after it held a similar one for the Senate.

Ahmad said the $2.5bn is the investment required to provide access to the current 80m Nigerians without electricity.

“India used to be the country with the highest people without access to electricity but I am sad to say that Nigeria has overtaken it and recently the figure is at 80m Nigerians without access to electricity.”

While he called for an improved budget for REA to realise this, he said: “It is very risky to rely on government budget as that is not enough. We need to device policies where we can get more private sector investments.”

The Minister of State for Power, Mr. Goddy Jedy-Agba, who was represented by the Permanent Secretary in the Ministry, Mr. Chinyeaka Ohaa, called for the lawmakers’ support to REA.

“Over 80 million Nigerians lack access to reliable electricity. To change this narrative, we must continue to strategically deploy renewable, off-grid technologies to power Nigeria, one community at a time.”

Declaring the workshop opened, the Speaker, House of Representatives, Femi Gbajabiamila, said the workshop was strategic and could not have come at a better time than this time.

“On behalf of the speaker, I declare this workshop opened,” said Chairman, House Committee on Power, Magaji Da’u Aliyu, who represented the Speaker.

On his role, Aliyu said with the workshop, the Members would do the needful and to consult with REA to ensure proper budgeting.

He said over N200m projects are uncompleted in the portfolio as he urged the REA to be better guided towards providing more access to rural electricity.

Executive Director, Rural Electrification Fund (REF) at REA, Dr. Sanusi Ohiare, said REA since 2016, has connected 103,500 homes, impacted 460,720 people, created 5,042 jobs and sourced $561m investments.

Ohiare said the lawmakers should strengthen the agency noting that despite the several review of the Oronsaye agencies merger report, REA is still part of the agencies penciled for scrapping

 


» DOWNLOAD! FAST SERVER!

Upload — Music, DJ Mix and Album

Be the Judge! 💭...do you 🤔 love this News Post?
"FG Seeks Private Funding To Close $2.5 Billion Electricity Gap?"
😎 tap👇 a Reaction💖 now!🌍
Share it! Drop a #COMMENT!
Click 👇 to see more posts about
fg seeks electricity
Overview and Review of FG Seeks Private Funding To Close $2.5 Billion Electricity Gap — hits 396 views.
Kindly, share this post on

Stay Updated! Follow us on Social Media

Twitter | Instagram | Tiktok | Twitter+

(FREE UPLOAD!!!)
»  PUT YOUR SONG HERE
Put your Brand HERE 🌍
FEATURED POST ADs!

The Top 10 Reasons To Get A Music Technology Degree

Latest News in town — 24 hrs New Update
Get Notified Instantly via inbox
Get all the latest News updates!
Subscribe for more music updates.
Your information is being handled in accordance with our Privacy Collection Statement. Read Our Conditions and Terms.
DROP YOUR COMMENT
Please be aware that your Instagram username will now appear in the comment section of all posts with a link to your profile page as of today.

Put your Brand HERE 🌍
FEATURED POST ADs!

The Top 10 Reasons To Get A Music Technology Degree



Africa   Worldwide
Top Naija Artistes

9ice Adigun Larry Gaga Reminisce

Mr Benson DJ Lawy M.I TYLER ICU

PapiSnoop Erigga Yemi Alade

Viktoh Terry G Fela 2 

DJ Neptune Terry Apala

Barry Jhay Ceeza Milli

Superwozzy DJ Cuppy Dremo

Slimcase Small Doctor — Wale

Picazo Shizzi Tekno

Selebobo Qdot Diamond Jimma

Davolee Denike Pheelz Chris Brown

Demmie Vee Oyinkanade Popcaan

Oladips   Mystro  Mr Gbafun

Broda Shaggi Nomcebo May D

Martinsfeelz TROD Krizbeatz

Yung6ix Patoranking Skales

T Classic Asa Skibii Reekado Banks

Timaya Vector Areezy Mohbad

Master KG DJ 4kerty DJ Maphorisa

Niniola — Teni Makanaki Ladipoe

Rexxie P Prime Sarz on the Beat Shatta Wale

DJ Consequence Ceeboi Junior Boy

Peruzzi Ice Prince KOKER

Guchi Ckay KOKER

Yinka Ayefele — Frank Edward Kiddominant

Tope Alabi Nosa Sarkodie

Laycon Cheque Wurld Idowest

Johnny Drille Crayon KING Promise

Nathaniel Bassey Runtown Kabex

Hotkid Danny S Spax DJ Tunez

Dotman Dice Ailes DJ Spinall DJ Kentalky

Jaido P DJ Jimmy JattCDQ



Africa   Worldwide
TRENDING ARTISTES IN NAIJA

Adekunle Gold  Wizkid  Adekunle Gold  Guchi  Ayra Starr

Tiwa Savage 2Baba BUJUBNXN

Davido Zlatan LAX Otega

Falz The Bad Guy—Fire Boy DML

Joeboy Jamo PyperOberz

Kizz DanielSimi Terri

Rema PlayBoy Casted

DJ MoreMusic DJ YK

Wale Turner Tems 

Mayorkun Phyno 

Olamide Omay Lay

DJ Kaywise DJ Baddo

Wande Coal Mr Eazi 

Bella Shmurda Lyta Magixx

Zinoleesky OxladeOML

Balloranking RamadelBhadboi

TRENDING ARTISTES IN NAIJA

Adekunle Gold  Wizkid  Ayra Starr

Tiwa Savage 2Baba BUJU

Davido Zlatan LAX Otega

Falz The Bad Guy—Fire Boy DML

Joeboy Jamo PyperOberz

Kizz DanielSimi Terri

Rema PlayBoy Casted

DJ MoreMusic DJ YK

Wale Turner Tems 

Mayorkun Phyno 

Olamide Omay Lay

DJ Kaywise DJ Baddo

Wande Coal Mr Eazi 

Bella Shmurda Lyta Magixx

Zinoleesky OxladeOML

Balloranking RamadelBhadboi


TOP
\