Skip to main content

FG approves N2bn for Rural Electrification FundBB

Babatunde Fahola
Minister of  Works, Power and Housing 

The Federal Government on Wednesday announced that it would jumpstart the Rural Electrification Fund with N2bn and that this had been provided for in the 2017 budget estimates.

It stated that the idea to commence the REF with N2bn was to enable private investors with viable off-grid renewable electricity projects in rural communities across the country to access the fund.

This, it said, would boost the supply of electricity as it would ensure that rural communities were served by the power generated outside the national grid.

The Permanent Secretary, Ministry of Power, Mr. Louis Edozien, disclosed this in Abuja at an event where the Federal Government, civil society organisations and private sector players in renewable energy declared their resolve to enhance the growth of Nigeria’s renewable energy market in order to provide electricity to communities not connected to the national grid.

The event was organised by the Power for All group, a network of operators and parties advocating for the use of renewable energy to reach Nigerians who are currently not connected to the grid.

The permanent secretary also gave reasons why the Rural Electrification Agency, which is charged with the task of expanding access to power across the country, had several uncompleted projects in the rural areas.

He noted that the 2017 budget was still with the National Assembly, but that it was hoped that the N2bn REF provision would be accommodated eventually.

Edozien pointed out that the repeated imposition of rural electrification projects by members of the National Assembly had left the REA with over 2,000 of such projects uncompleted.

He said, “In terms of project selection and with specific reference to the REA, the agency has close to 2,000 projects dating back five to six years. Their work is challenged by the way the budgets for an agency like the REA are assessed and eventually determined.

“The executive put a line item of N2bn in the REF in the 2017 budget, and if that becomes part of the budget, then it becomes the duty of the executive to implement, and we wait to see the outcome of the legislative action on this.”

The Country Campaign Director, Power for All, Ms. Ify Malo, said the ‘call to action’ in which stakeholders made declarations of their plans for the renewable energy sector would be used to measure the progress made in the industry going forward.

She said, “Power for All is a global campaign to promote distributed renewable energy as the fastest, most cost-effective and sustainable way to achieve universal energy access.”


Popular posts from this blog

Music: Rhythm - Favour mp3

Richard Adebayo as known by his stage name "Rhythm" is a Port Harcourt based artist, and one of the city's fastest rising artists. After dropping three hit singles, “Condo, Roll up and Wait", he has come with another hit single titled “Favour".

Download and enjoy.

Download Song

Music: MrEra - Dance mp3

Emmanuel Richard Angaye, known for his stage name Era, is a Nigerian based singer and songwritter.  He dropped his first single tittled ''APROKO'' . Here comes his latest single, tittled ''DANCE'', Prod by Dj Howlbert OTB.
I bet you, your gonna love this one.


The Niger Delta As A Microcosm Of Nigeria | Eugene Abels | TEDxPortHarcourt

Despite being abundant in human and natural resources, violence and decline in development prevail in the Niger Delta region of Nigeria. In this talk, Eugene Abels invites us to stop pointing fingers at governments, unite and reflect on our history and also, to change our thought patterns, attitudes and habits in order to create the community/nation we want.

A deliberate Change Agent and technocrat committed to international best practices who has in three decades traversed the Real, Banking and Public Sectors of the Nigerian Economy, Eugene Irefa Abels was born, bred and schooled in Port Harcourt, Rivers State, Nigeria. He hails from two oil producing Communities, Nembe and Finima and believes that they are a microcosm of the Niger Delta Region.

An exponent of the need to exorcise our Colonial past from the souls of our public servants and elected officials, he believes the art of governance has been reduced to the single person pronoun ‘I’ whereas ‘we the people’ holds no relevance.