Nigeria recently secured clean energy investments worth $155m, according to the Rural Electrification Agency (REA).

The Managing Director of the REA, Abba Aliyu, disclosed this in a statement on Friday, saying there’s now international confidence in Nigeria’s off-grid electricity market.

Aliyu revealed that the country recently secured an $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions, while UK-backed clean energy company MOPO signed a $75m agreement with the REA to deploy a smart battery programme.

He said, “The recently published Sub-Saharan Africa Clean Energy Market Outlook 2026 by BloombergNEF highlights Nigeria as the continent’s largest and fastest-growing market for distributed solar and small-scale renewable energy, having attracted a $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions across Nigeria.

“Similarly, UK-backed clean energy company MOPO signed a $75m deal aimed at deploying a new smart battery programme under a strategic partnership with the Rural Electrification Agency.”

Speaking further, he added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.

“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.

“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.