Wetin we dey hear? Na big news be this o! Naija Rural Electrification Agency (REA) and Lotus Bank don join hand shake to take energy finance matter to another level for Naija.
Na Wednesday dem knack high-level meeting, and as dem talk, dem no wan dey do project-by-project again. Dem don switch their gear to large-scale financial setup wey go make plenty people for rural areas get electricity.
Abba Aliyu, wey be the Managing Director of REA, don challenge Lotus Bank team make dem set bold target for funding wey go carry this project waka. Na him talk say this na the time wey developers go fit scale up their operations without wahala.
“If we serious to move from pilot projects to real impact, we go need strong internal standards and designs wey go help developers expand fast,” Abba talk.
Na wetin again? The new DARES programme go carry fresh money wey go support renewable energy projects where e go enter communities wey no get light at all. Lotus Bank don already dey do some projects under this DARES initiative, but now dem wan do am big big.
Naija financial institutions don dey notice say renewable energy no be just social intervention again, e don turn to bankable business. Both agencies dey work towards signing formal Memorandum of Understanding (MoU) wey go solidify their partnership and make sure say structured capital dey available to boost clean energy for underserved areas.
REA dey hop say this kind collaboration go inspire other banks make dem dey invest in renewable energy, as dem dey look for way to fix energy problem wey dey worry Naija.
Na serious matter o! If dis gree pass, plenty Naija people fit dey enjoy steady light for their homes, and na through the efforts of these two organizations we go fit bridge the energy gap wey dey Nigeria.
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