The Rural Electrification Agency (REA), in collaboration with UK PACT, First City Monument Bank (FCMB), and ARMHIIL, has officially launched the Green Finance Investment Facility (GFiF). This blended finance platform is designed to attract significant private and institutional investments into renewable energy infrastructure throughout Nigeria. The initiative aims to secure $188 million in funding, which will be utilized to develop a total of 191 megawatts of distributed solar capacity, thereby enhancing the country’s renewable energy landscape.
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