The Nigeria Sovereign Investment Authority (NSIA) has launched a $300 million Nigeria Distributed Renewable Energy (DRE) Fund to accelerate off-grid electricity investment and expand power access to underserved communities across Nigeria. The fund was launched in partnership with Africa50, the International Solar Alliance (ISA) and Sustainable Energy for All (SEforALL). The DRE Fund was commercially …
The Nigerian Electricity Regulatory Commission (NERC) has announced the commencement of the Net Billing Regulations 2026, a new framework that will allow eligible electricity customers to generate their own renewable energy and sell surplus power back to the national grid. In a public notice issued on Wednesday, June 3, 2026, NERC said the regulations are …
The Rural Electrification Agency (REA) has stated that the Nigerian government's $750 million renewable energy programme is expected to act as a catalyst, generating an additional $1.1 billion in private sector investment. The REA Managing Director, Abba Aliyu, said this initiative is a cornerstone of Nigeria's strategy to significantly expand electricity access through off-grid solutions. …
For decades, the national grid has been the only affordable path to power for the average Nigerian, but it remains unreliable. Experts have pointed out that the power crisis has constrained growth, frustrated households, and inflated business costs. In the absence of a stable electricity supply, people have often resorted to expensive petrol and diesel-powered …
The Federal Government has launched a project to include 14 million smallholder farmers in the cassava bioethanol value chain. The aim is to cut fuel import costs and strengthen Nigeria’s bioeconomy. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the project in a statement signed by the ministry’s Director of Information and …
Nigeria’s President, Bola Tinubu, has highlighted what developing countries need to give full commitment to the realization of the global climate sustainability agenda. President Tinubu, who spoke on Tuesday, January 13, at the ongoing Abu Dhabi Sustainability Week (ADSW), holding in Abu Dhabi, the United Arab Emirates (UAE), said Nigeria aligns with the global community, …
The Federal Government and Niger State have signed a landmark Memorandum of Understanding (MoU) to launch the Sustainable Integrated Productive Communities (SIPC) Programme. The initiative combines housing, agriculture, renewable energy, and enterprise development into a single model aimed at inclusive growth. The MoU was signed at the Federal Ministry of Finance, Abuja. The Ministry will …
The European Union has pledged €15.5 billion to accelerate Africa’s clean energy transition. The funding aims to expand electricity access and support sustainable economic growth across the continent. European Commission President Ursula von der Leyen announced the pledge on behalf of Team Europe. It includes over €10 billion in EU-led funding, along with significant contributions …
Nigeria has officially stepped onto the global stage as a strategic hub for rare earth minerals with the groundbreaking of Hasetins Group’s US$400 million rare earth and critical metals processing plant in Uke Karu Local Government Area, Nasarawa State. Set to become Africa’s largest hybrid rare earth facility, the plant will double Nigeria’s existing production …
The World Customs Organisation (WCO) has commenced a two-week intensive technical training for officers of the Nigeria Customs Service (NCS) at its headquarters in Brussels, Belgium, aimed at strengthening Nigeria’s Advance Ruling system and enhancing capacity in Renewable Energy Classification and the Green Harmonised System (HS) initiative. The programme is supported by the German Development …
