To bridge its electricity access gap and retain the $40 billion needed to do so, Nigeria is intensifying its focus on local manufacturing of solar technologies. The country aims to position itself as Africa’s renewable energy hub, creating jobs and attracting investment.
Speaking at the launch of the Next Generation RESCO program in Abuja, the Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, stated that the Federal Government is determined to transform its energy deficit into an economic opportunity.
Aliyu emphasized that the $410 billion required for Nigeria’s energy transition plan and the $40 billion needed to close the electricity access gap should benefit the Nigerian economy, not foreign companies and importers.
He noted that despite having the highest number of people without access to electricity in Africa, Nigeria is underrepresented in the global renewable energy job market.
“It is no longer enough to talk about energy poverty. We must act by localising solutions through finance, infrastructure, talent, and manufacturing. The access gap is not just a burden; it is our opportunity to lead Africa’s energy future,” Aliyu said.
About The Author
