REA to supply solar energy for public establishments – MD

The Rural Electrification Company has recognized the availability of solar-powered vitality to public establishments as a key element of its agenda within the 2025 fiscal 12 months.

Managing Director of the company, Abba Aliyu said this on Wednesday shortly after making a presentation on REA’s 2024 finances efficiency and projections within the 2025 Appropriation Invoice.

Accompanied by high functionaries of the company together with the son of the All Progressives Congress Nationwide Chairman, Abdullahi Ganduje, Mr Umar Ganduje who serves as REA’s Govt Director (Technical Companies), Aliyu mentioned President Bola Tinubu’s approval for the deployment of solar energy within the public sector is meant to chop the price of governance.

He mentioned, “What we did at the moment is to current the 2025 finances proposal which is the most important REA’s finances to this point within the historical past of the nation. The primary key facet of our 2025 finances is the Nationwide Public Sector Solarization Initiative, an initiative of President Bola Tinubu with a proposal of N100bn supplied.

“The essence of this initiative is for REA to solarize the general public sector. If you happen to have a look at the information of the finances implementation over time, you will note the quantum of cash utilized by public establishments to purchase mills and diesel to supply electrical energy.

“So, the Federal Authorities now sees it as a option to scale back the price of governance and supply REA with funding to be used to solarize this public establishment. That is a part of what we introduced to the Home Committee.”

Though the 2024 finances efficiency presentation was held behind closed doorways, Aliyu in a quick interview with journalists highlighted the important thing achievements of the company up to now 12 months.

“For the 2024 finances efficiency, REA carried out numerous facets of labor. Key amongst them was grid extension and the deployment of mini-grids for productive use, which particularly have been chosen and deployed inside agricultural areas.

“We additionally carried out deployment of photo voltaic house methods. We did a considerable variety of that deployment in 2024,” he added.

The REA boss additionally recommended President Tinubu for the massive allocation to the company within the 2025 finances proposal, saying, “I feel we’ve by no means had it this good. REA’s finances proposal for this 12 months (2025) is superb.

“If you happen to have a look at final 12 months, the whole finances presentation was about N160bn, however this 12 months, we’ve over N500bn.  So, our finances allocation for this 12 months is greater than good for us. All that’s required is for us to go deploy it and begin implementation of our tasks to ship on the Renewed Hope Agenda of Mr President,” he said.