REA and Stanbic sign ₦100 billion revolving facility for renewable developers
An MoU established a ₦100 billion revolving facility for eligible developers; the agreement does not say the full amount has been disbursed.
- Publish date: 2026-10-08
- Category: Standards & Policy
- Original source: The Guardian Nigeria
- Reading time: 1 min read
The Rural Electrification Agency and Stanbic IBTC signed an MoU establishing a ₦100 billion revolving loan facility for eligible renewable-energy developers. It is intended to finance equipment procurement in REA-led programmes, including the World Bank-funded DARES project and Nigeria Electrification Programme.
The agreement establishes a financing framework; it does not say that the full ₦100 billion has been disbursed or that specific projects have received funds.