April 16, (THEWILL) – The Lagos State Government and Rural Electrification Agency (REA), have signed a Memorandum of Understanding (MoU) to expand access to clean energy in the State.
REA, in a statement on Wednesday, said the landmark agreement signed during the Lagos State Energy Summit recently, marks a significant milestone under the REA’s State-by-State Initiative, and aligns with the Federal Government’s push to deepen subnational electricity access through the 2023 Electricity Act.
According to the statement, the new partnership would support the deployment of sustainable, distributed energy solutions across Lagos, addressing the widespread use of over four million diesel generators in the state. The initiative also aims to replace this fragmented energy landscape with reliable, renewable alternatives.
Speaking at the event, Lagos state governor, Babajide Sanwo-Olu, represented by his Deputy, Obafemi Hamzat, emphasised the importance of strategic partnerships in tackling energy challenges.
“We have excess power generation—but it’s misdirected and not evenly distributed. This collaboration with REA will help bridge that gap”, he said.
REA’s Managing Director/CEO, Abba Abubakar Aliyu, announced several major projects under the new agreement, including plans for Nigeria’s first floating solar PV plant (8MW) to power Lagos State University. He also highlighted the upcoming $150 million Lithium Battery Assembly Plant at the Lekki Free Trade Zone and the establishment of a Renewable Energy University to boost local skills and innovation.
“Partnership will also advance the National Public Sector Solarisation Initiative (NPSSI) and the Distributed Access through Renewable Energy Scale-up (DARES) programme, backed by the World Bank. This efforts are designed to empower local developers and build a robust market for Renewable Energy Service Companies (RESCOs) across the country”, said Aliyu.
Felix Ifijeh is a journalist with years of professional reporting experience. Known for his keen news sense, compelling storytelling and commitment to accurate, impactful reporting, he has built a reputation for turning leads into clear, engaging, and well-structured reports that resonate with readers. His work reflects deep newsroom experience and a commitment to accurate, impactful journalism.
