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The Rural Electrification Agency (REA) has disbursed N7.95 billion to Havenhill and N1.056 billion to Faraday & Otstred Limited for the expansion of mini-grid power projects across several Nigerian states. This funding aims to boost renewable energy access and accelerate electrification in underserved communities.
The Trump administration has reached a $1 billion deal with the French energy firm TotalEnergies to abandon offshore wind leases, a move that intensifies its support for fossil fuels and has prompted significant backlash.
Energy poverty persists as a significant issue in Nigeria, with millions lacking reliable electricity access. The National Agency for Science and Engineering Infrastructure (NASENI) is addressing this through its Home Solar Solution initiative, aimed at providing affordable solar power to households.
The Centre for the Promotion of Private Enterprise (CPPE) is urging the Nigerian government to bolster electricity supply and provide incentives for businesses to transition to renewable energy sources. This call comes amidst rising global energy prices that are significantly impacting operational costs for Nigerian companies reliant on fossil fuels.
Escalating tensions in the Middle East, particularly between the US and Iran, are highlighting the vulnerabilities of oil-dependent economies. With oil prices already rising and the potential closure of the Strait of Hormuz threatening further spikes, Africa faces increased fuel and food costs, prompting a call for a shift towards renewable energy.
The Rural Electrification Agency (REA) has revealed that Nigeria needs $23 billion to provide electricity access to 143,000 communities. This significant investment aims to address the ongoing power shortages hindering economic development.
The House of Representatives Committee on Renewable Energy has expressed support for the establishment of Nigeria’s first Green and Climate Finance Bank, aimed at generating $100 million in initial capital. This move seeks to enhance sustainable finance initiatives in the country.
The Niger Electricity Distribution Company praises the Niger State Government for its solar mini-grid project, which has brought uninterrupted power to over 180 communities that previously lacked electricity for years. This comprehensive initiative also includes transitioning vital public institutions to independent solar systems.
The House of Representatives Committee on Renewable Energy has delivered a final notice to the heads of the Rural Electrification Agency and the Nigeria Electrification Programme for failing to appear before them, warning of potential arrest.
Botswana has designated Nigerian energy expert Akinwole Omoboriowo as Vice Chairman of the Botswana Power Corporation to bolster governance in the power sector and expedite renewable energy initiatives across the nation.
The Rural Electrification Agency (REA) has announced a ₦170 billion budget aimed at implementing over 500 electrification projects in 2026 to improve access to renewable and off-grid energy across Nigeria. The projects will focus on expanding the power grid and providing mini-grids and solar home systems to underserved areas.
Former Labour Party presidential candidate Peter Obi has condemned President Tinubu for not delivering reliable electricity to Nigerians. Obi highlighted Tinubu's campaign promise of consistent power supply and expressed concern over the plan to disconnect Aso Rock from the national grid.
Kartel Energy Limited has introduced two new product lines, Ensky Solar street lights and GenixGreen & Luxwatt Lithium Battery Series, aimed at addressing Nigeria's persistent energy challenges. The launch took place at the Powerelec Nigeria Exhibition 2026 in Lagos.
In an effort to address ongoing electricity issues, the Federal Government has earmarked N30.34 billion for the development of solar mini grids, inverters, and solar generators across various sectors including education and community infrastructure.
During an address at Davos, ex-President Trump asserted that the United States holds a significant lead over China in artificial intelligence, while also defending the use of nuclear energy and criticizing Europe's renewable energy policies.
