• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, May 15, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

REA targets 24,500 MSMEs for energy-efficiency using appliance

MSMEs

The Matters Press by The Matters Press
June 5, 2023
Reading Time: 2 mins read
0
Nigeria disburses N56bn to MSMEs

The Rural Electrification Agency (REA) says it aims to provide 24,500 Micro, Small and Medium Enterprises (MSME) with energy-efficient electricity through the Productive Use of Equipment (PUE) and appliances.

RELATED POSTS

Nigeria First policy, unique, revolutionary – TMSG

Group seeks action against the menace of fake news, deliberate falsehood

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

The REA management in a statement in Abuja on Sunday said that the initiative, which would ensure that 1,050,000 people have improved access to energy services, would be done under the Nigeria Electrification Project (NEP).

According to the agency, the PUE is part of its efforts to ensure that rural and underserved communities have unhindered access to energy-efficient and electricity productive equipment.

The Managing Director of REA, Mr Salihijo Ahmad, speaking during the grant agreement signing of the use of the equipment and appliance, said that the project is being supported by the African Development Bank (ADB).

He explained that the PUE would drive the sustainability of off-grid energy infrastructure across communities in the country.

”The PUE will encourage the use of low-cost productive appliances in unserved and underserved communities to improve rural productivity, economic growth and also rural development.

“We are here for the grant agreement signing for the productive use Appliances Component of the Nigeria Electrification Project (NEP) under the African Development Bank funding stream.

“At REA, our mandate is to provide access to electricity to unserved and underserved households and MSMEs in rural communities of Nigeria,” he said.

Ahmad said that the agency from inception has continued to collaborate and support private-sector participation in its dedication and commitment to achieve this mandate.

He said that beyond keeping the lights on, REA was deliberate about the optimisation of productive use of equipment and appliances to catalyse socio-economic development in off-grid communities.

“We understand how important it is for beneficiaries of off-grid technologies to appreciate the windows of possibilities sustainable energy presents. This is why this component is very important.

“Through NEP, which is funded by the World Bank and the African Development Bank, established to increase access to electricity services to unserved and underserved households.

”MSMEs in the rural communities as well as Federal Universities and Teaching Hospitals throughout Nigeria,” Ahmad said.

According to him, the event marks a milestone in the implementation of the ADP funded NEP where Energy Access Companies (EACs) are supported through the energy efficient productive use subsidy programme.

”To encourage the use of low-cost productive use appliances at unserved and underserved communities in order to improve rural productivity, economic growth and also rural employment.

“I would like to use this opportunity to appreciate the energy access companies for their continuous cooperation.

”I urge you all to align fully with the impactful objectives of this programme in order to achieve transformative change.

“We have achieved a lot through the NEP but you will agree with me that there is so much more to be done, and we must continue to push forth to achieve our objectives,” he said.

Tags: MSMEs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

May 13, 2025
Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Northern governors, traditional rulers call for accelerated action against Insecurity
News

Northern governors, traditional rulers call for accelerated action against Insecurity

May 11, 2025
Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Next Post
Nigeria has not taken decision yet on fuel subsidy

Labour shelves strike notice, meets again with FG over fuel subsidy resolutions

Minimum wage a reality – Labour

NLC urges Nigeria to consider the poor before fuel subsidy removal

Recommended Stories

Osinbajo sees small, medium firms as growth agents

Osinbajo sees small, medium firms as growth agents

December 29, 2020
Wike seeks EU’s support to strengthen FCT’s economy

Wike seeks EU’s support to strengthen FCT’s economy

October 10, 2023
Poverty in West Africa increases by 3%

:Edu at UNGA78 urges UN support for Nigeria’s Poverty crises

September 19, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria First policy, unique, revolutionary – TMSG
  • Group seeks action against the menace of fake news, deliberate falsehood
  • Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us