The Rural Electrification Agency (REA) and the Lagos State Government have formalized a groundbreaking partnership aimed at increasing access to clean energy across the state.
This collaboration, sealed through a Memorandum of Understanding (MoU) at the Lagos State Energy Summit, focuses primarily on deploying rooftop solar systems to power public institutions. The agreement aligns with the REA’s State-by-State Initiative and supports the broader objectives of the 2023 Electricity Act, which empowers states to play a greater role in managing electricity distribution.
Representing Governor Babajide Sanwo-Olu at the summit, Lagos State Deputy Governor, Dr. Obafemi Hamzat, emphasized the urgent need for smarter energy distribution strategies. He pointed out that Nigeria generates sufficient electricity, but poor distribution hinders equitable access. The deputy governor expressed optimism that the partnership with REA will help redirect energy resources to where they are most needed, especially in underserved public facilities.
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Energy exploration
Abba Abubakar Aliyu, the Managing Director and CEO of REA, highlighted several initiatives that will emerge from this partnership. One of the standout projects includes Nigeria’s first floating solar photovoltaic (PV) power plant, with an 8MW capacity, which will be installed to serve Lagos State University. This innovation marks a significant step in exploring alternative energy generation methods suitable for urban areas with limited land space.
In addition, Aliyu announced the development of a $150 million lithium battery assembly plant within the Lekki Free Trade Zone. This facility is expected to boost local manufacturing capabilities and support the growing demand for energy storage solutions. Plans are also underway to establish a renewable energy university, which will serve as a hub for technical training, research, and innovation in the clean energy sector.
These developments are part of a broader effort to advance the National Public Sector Solarization Initiative (NPSSI) and the Distributed Access through Renewable Energy Scale-up (DARES) program, both supported by the World Bank. These programs are designed to create a vibrant market for Renewable Energy Service Companies (RESCOs) by empowering local developers and promoting sustainable, decentralized energy solutions across the country.