Nigeria needs $2 billion to provide 80 million people with electricity - REA

The concern of the agency is not just to have electricity but a consideration of the transformation of economies with the provision of power
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Power Grid

The Rural Electrification Agency (REA) said on Wednesday that Nigeria needs an investment of $2 billion to provide electricity to 80 million people, or approximately 39 per cent of its population, who do not have access to power and who are mainly rural residents.

Managing Director Salihijo Ahmad spoke to the participants in Abuja at a session of the REA - National Assembly on rural electrification projects, implementation, legislation and sustainability.

The workshop aimed to inform legislators about the services needed by the REA for its activity with regard to the budget for 2021.

The importance of the off-grid segment of the power sector in meeting the demands of the underserved population was reported by Mr Ahmad.

“The concern of the agency is not just to have electricity but a consideration of the transformation of economies with the provision of power.

“The most important is that we have a gap of over $2bn which we require to power 80 million Nigerians who do not currently have electricity.”

The Minister of State for Power, Goddy Jedy-Agba, urged renewable energy to be used to increase grid production and bridge the electricity gap, especially in rural areas.

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