Tag: #EnergyAccess
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REA, LOTUS BANK SEAL N100BN DEAL TO POWER RURAL NIGERIA WITH RENEWABLE ENERGY
Thousands of rural communities without electricity may soon see the lights come on as REA and Lotus Bank roll out a massive N100 billion financing plan to boost clean energy access. The Rural Electrification Agency (REA) has signed a landmark agreement with Lotus Bank to unlock N100 billion in financing aimed at expanding renewable energy…
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ADESINA: AFRICA HAS HUGE RENEWABLE ENERGY POTENTIAL BUT 600 MILLION LACK ELECTRICITY
Dr. Akinwumi Adesina, outgoing AfDB President, spotlighted Africa’s massive renewable energy resources—solar, hydro, wind, and geothermal—during the 2025 Standard Chartered Bank Africa Summit in Lagos. Yet, 600 million Africans remain without electricity. He urged massive investments to close this gap and fuel industrial growth. Adesina revealed the AfDB-World Bank’s Mission 300 aims to connect 300…
