Nigeria has commercially launched a $300 million Distributed Renewable Energy (DRE) Fund to finance mini-grids, solar home systems, and other decentralised power solutions. The fund is co-managed by the Nigeria Sovereign Investment Authority (NSIA) and Africa50, with Sustainable Energy for All (SEforALL) providing energy-access leadership and the World Bank as a founding partner. The commercial launch was announced on the sidelines of the United Nations General Assembly in New York on 21 September 2026. NSIA managing director Aminu Umar-Sadiq said the step signals that Nigeria's distributed renewable market is investable and ready to operate at scale.
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