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Nigeria Reportedly Signs $200 Mln Deal to Bring Renewable Power to Millions

Sputnik Africa

Last Saturday, Nigeria's Minister of State for Industry, Trade, and Investment, John Uwan-Enoh, announced that the country is making considerable strides... 11.03.2025, Sputnik Africa

2025-03-11T17:13+0100

2025-03-11T17:14+0100

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Nigeria, where about 40% of the population lacks electricity access, has inked a landmark $200 million agreement with pan-African renewable energy firm WeLight to deploy 400 mini grids and 50 MetroGrids across rural and peri-urban areas, media reported on Monday.The project, backed by the World Bank and African Development Bank, aims to deliver reliable electricity to 1.5–2 million Nigerians while boosting local economies. This initiative also aligns with Nigeria’s ambitious goal to increase renewables’ share of its energy mix from 22% to 50%, leveraging private investment to bridge the country’s energy gap.The deal, formalized through a Memorandum of Understanding (MOU) with Nigeria’s Rural Electrification Agency, will prioritize underserved communities, powering households, schools, healthcare centers, and small businesses, reports added.WeLight, supported by global players like Axian Group, Sagemcom, and Norfund, reportedly emphasized the project’s dual impact: expanding clean energy access and strengthening Nigeria’s energy infrastructure.

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Nigeria Reportedly Signs $200 Mln Deal to Bring Renewable Power to Millions

17:13 11.03.2025 (Updated: 17:14 11.03.2025)

Power lines in rural Nigeria (illustrative image). - Sputnik Africa, 1920, 11.03.2025

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Last Saturday, Nigeria's Minister of State for Industry, Trade, and Investment, John Uwan-Enoh, announced that the country is making considerable strides towards a cleaner and more sustainable future by aiming to have 30% of its locally manufactured vehicles be electric.

Nigeria, where about 40% of the population lacks electricity access, has inked a landmark $200 million agreement with pan-African renewable energy firm WeLight to deploy 400 mini grids and 50 MetroGrids across rural and peri-urban areas, media reported on Monday.

The project, backed by the World Bank and African Development Bank, aims to deliver reliable electricity to 1.5–2 million Nigerians while boosting local economies. This initiative also aligns with Nigeria’s ambitious goal to increase renewables’ share of its energy mix from 22% to 50%, leveraging private investment to bridge the country’s energy gap.

The launch of the NEV T6 Electric Buses in Abuja. - Sputnik Africa, 1920, 09.03.2025

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Nigeria Accelerates EV Adoption With New Charging Station Launch

9 March, 18:03

The deal, formalized through a Memorandum of Understanding (MOU) with Nigeria’s Rural Electrification Agency, will prioritize underserved communities, powering households, schools, healthcare centers, and small businesses, reports added.

WeLight, supported by global players like Axian Group, Sagemcom, and Norfund, reportedly emphasized the project’s dual impact: expanding clean energy access and strengthening Nigeria’s energy infrastructure.

“This MOU not only represents a leap toward providing clean electricity to millions in Nigeria but also supports WeLight’s ambition to become a truly pan-African company,” Romain de Villeneuve, Chief Executive Officer of WeLight, was quoted as saying.