Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings
    • T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion
    • Oil Prices Rise on Tit-for-Tat US, Iranian Strikes
    • XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume
    • CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions
    • Dangote Cement Opens at 19% Discount to 52-Week High
    • FirstHoldco Surges by10% as Investors Buy the Dip
    • Zenith Bank Rallies as Investors Chase Upside Potential
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FG, World Bank, AfDB Collaborate on University Electricity Project

    FG, World Bank, AfDB Collaborate on University Electricity Project

    Marketforces AfricaBy Marketforces AfricaSeptember 20, 2024 News No Comments3 Mins Read
    FG, World Bank, AfDB Collaborate on University Electricity Project
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG, World Bank, AfDB Collaborate on University Electricity Project

    The Federal Government, in partnership with the World Bank and African Development Bank (AfDB), are working to provide electricity to selected universities and teaching hospitals.

    Mr Abba Aliyu, Managing Director, Rural Electrification Agency (REA) said this on Friday  in Abuja on Friday at the Energising Education Programme  2024 Stakeholders’ Engagement Forum (SEF).

    Aliyu stated that over 250 million dollars had been spent on phases 1, 11 and 111 to deploy infrastructure, build distribution networks, upgrade substations, and meter connecting areas.

    He highlighted the construction of world-class training centres for renewable energy.

    Minister of Power Adebayo Adelabu emphasised energy access as crucial for education, progress, and development.

    Adelabu represented by Mr Bem Ayangeaor, Assistant Director of Renewable and Rural Power Access, highlighted that electricity enabled schools to extend learning hours, utilise educational technology, and create safe and comfortable environments.

    “This, in turn, boosts enrollment, improves academic performance, and enhances teacher-student productivity.

    “The Energising Education Programme (EEP) was conceived to address electricity access issues in educational institutions.

    “While many Nigerian universities are connected to the national grid, the consistency and quality of electricity supply vary greatly, especially in rural areas.

    “Educational institutions face challenges in securing reliable and affordable electricity due to infrastructure limitations, financial constraints, and technical difficulties, hindering quality education and undermining the academic experience.”

    However, Adelabu noted opportunities for innovation and collaboration through investing in renewable energy technologies, improving grid infrastructure, and promoting energy efficiency.

    He stressed the importance of sustainability in unlocking the potential of energy access and education.

    “To ensure continued impact, beneficiary institutions must take ownership of EEP projects and actively participate in their sustainability,” the minister said.

    Olufemi Akinyelure, Head of the Nigerian Electrification Project (NEP) at the Rural Electrification Agency (REA), emphasised the importance of collaboration and communication between REA and universities at a recent forum.

    He said the event brought together vice chancellors, chief medical directors, directors of physical planning/works, legal officers from Energising Education Programme (EEP) universities, and other key stakeholders to discuss ways forward on the projects.

    He said the forum aimed to address concerns surrounding EEP Phase I, focusing on urgent interventions to enhance the sustainability of power plants deployed during this phase.

    He said EEP inaugurated in 2018 sought to provide reliable power supply to 37 federal universities and 7 affiliated teaching hospitals nationwide.

    “These institutions are being equipped with solar hybrid power plants, capable of generating over 100 Megawatts (MW) of clean energy.”

    Some of the benefitting universities told the News Agency that the project would assist in ensuring steady power supply.

    Prof. Nyaudoh Ndaeyo, Vice Chancellor of the University of Uyo, expressed relief over the arrival of a new energy project, stating that energy issues had long plagued Nigerian universities.

    He emphasised that for the project to be sustainable, schools must take ownership.

    “The coming of this project is a relief,” Ndaeyo said.

    Also, Mrs Ruksiyatu Ahmed, Director of the Physical Planning Unit at Modibo Adamawa University in Yola, said the project’s timing couldn’t be better and its importance can’t be overstated.

    “Coming up with a sustainable way of getting energy is crucial.

    “We’re grateful to those who conceived this idea and made it a reality,” Ahmed noted.

    NAN reports that the Rural Electrification Agency (REA) and beneficiary universities have signed a collaborative agreement to ensure the sustainability of the projects. #FG, World Bank, AfDB Collaborate on University Electricity Project

    LASG Targets 5,000 Beneficiaries for Livelihood support programme

    AfDB FG World Bank
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    Dangote Cement Opens at 19% Discount to 52-Week High

    Add A Comment

    Comments are closed.

    Editors Picks

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026
    Latest Posts

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.