N100bn Partnership Addressing Financing Bottlenecks to Rural Electricity Access—REA

The Rural Electrification Agency (REA) has described the Memorandum of Understanding (MoU) with Lotus Bank, unlocking a whopping N100 billion revolving credit facility, as a bold step to shatter longstanding debt financing hurdles for renewable energy projects. The agreement, signed on Monday in Abuja, targets mini-grid developers under the World Bank-backed Distributed Access to Renewable […]