The Rural Electrification Company (REA) has introduced that it spent greater than N28.7 billion out of the N31.7 billion allotted to it within the 2023 appropriation on finishing electrification initiatives nationwide.
REA’s Managing Director, Mr Abba Aliyu, made this disclosure in Abuja on Monday whereas presenting the company’s 2023 capital mission implementation report.
Aliyu mentioned the company accomplished initiatives value greater than N28.7 billion, with an extra N3.3 billion value of initiatives nonetheless ongoing and anticipated to be accomplished throughout the subsequent two months.
He highlighted that N6.3 billion was spent on connecting communities to the nationwide grid, specializing in grid extension and transformer deployment.
Aliyu mentioned REA spent N131 million on deploying photo voltaic residence methods, N227 million on consultancy providers, and N446 million on mini-grids to impress electrical automobiles throughout the six geopolitical zones.
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He mentioned the company additionally invested N626 million in deploying mini-grids to boost electrical automobile deployment and energise agricultural clusters, in addition to N499 million on photo voltaic avenue lights to enhance safety in areas going through challenges.
Aliyu famous that REA spent N2.02 billion on deploying photo voltaic irrigation pumps to hundreds of farmers throughout the nation, enhancing farming actions.
He emphasised that the company’s initiatives lined all six geopolitical zones, 36 states, and the FCT, with no state left unattended.
Mr Umar Abdullahi, Government Director, Technical Providers, REA, said that the company had sustained its efforts in enhancing socio-economic actions in beneficiary communities, optimising the deployment of solar-powered irrigation pumps, photo voltaic residence methods, and photo voltaic avenue lights.
He highlighted that over 330 kilowatts peak (kWp) capability of sustainable vitality had been deployed by means of mini-grid expertise, impacting over 1.4 million unserved and underserved Nigerians.
