The MD/CEO of REA was at the Off-grid Investors/ Donors Coordination meeting held in Abuja on the 16th of March 2020.
During the meeting, the MD/CEO shared his plans for the Agency through 2020 and beyond, In his remarks, stated that beyond providing access to electricity for unserved and underserved communities, the Agency is concerned about how the access to electricity will change lives & aid economic growth in these communities.
He noted that his major plan is to make REA the center of excellence as far as off-grid energy through:
- Cost-cutting for mini-grids.
- Internal skills building at REA.
- Simplify approach for DevelopersAlso, the MD/CEO stated that the focus of the REA team is to not only electrify 80 million Nigerians in a way that changes their lives. He emphasized the importance of Monitoring & Evaluation (M & E) as a critical component to assess the output, outcome, and impact of REA’s initiatives. The MD/CEO believes that by understanding what the expectations are, the REA will continue to drive down the cost of energy delivered through mini-grids and solar home systems.
He concluded by saying, the REA is more focused on speed & enabling private-sector delivery, that the public sector money will never be enough to bridge the gap & ensure energy access, private sector participation is a must and the REA will continue to provide all necessary support.
