• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, November 4, 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

*Tinubu’s poverty reduction measures expansive than others, likely to succeed – IMPI*

Think tank blames historically poor management of resources on Nigeria’s high poverty prevalence

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

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

Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

*Tinubu’s poverty reduction measures expansive than others, likely to succeed – IMPI*

November 3, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Think tank blames historically poor management of resources on Nigeria’s high poverty prevalence

October 24, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

October 22, 2025
NBS reports increase in Inflation
Economy/Technology

‎IMPI revises inflation rate projection to 14% from 17% for December

October 22, 2025
CSOs give  thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria
Agriculture

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

October 22, 2025
Standing With the Bello Family – Justice Must Never Be Cheapened
Energy

Standing With the Bello Family – Justice Must Never Be Cheapened

October 17, 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

Africa’s remittance inflows hit $72b

Nigeria approves US$1bn of promissory note

February 8, 2019
SON alerts on second hand gas cylinders

Cydene Energy develops Mobile App for Cooking Gas, Utilities

August 1, 2022
Commission plans to liberate 38% illiterate Nigerians

Trouble for 26.5m Nigerians in 2024

November 24, 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

  • *Tinubu’s poverty reduction measures expansive than others, likely to succeed – IMPI*
  • Think tank blames historically poor management of resources on Nigeria’s high poverty prevalence
  • Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

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