REA, Stanbic seal N100bn deal for renewable energy

The Punch | 08-10-2026 12:54am |

The Rural Electrification Agency and Stanbic IBTC Bank have signed a N100bn financing deal to support renewable energy developers in Nigeria. The deal is expected to boost access to electricity in rural areas. The financing will be provided to developers of renewable energy projects. The partnership aims to advance Nigeria's transition to clean energy.

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