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Nigeria Targets $1.6 Billion Solar Mini‑Grid Revolution to Power Rural Communities
The Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, has disclosed that the agency has a funding pipeline worth nearly $1.6 billion to accelerate renewable energy projects across Nigeria.....KINDLY READ THE FULL STORY HERE▶
Aliyu made this revelation on Tuesday in Abuja during the agency’s state-by-state roundtable with Ondo State Governor, Lucky Aiyedatiwa, themed: “From Access to Impact: Unlocking Ondo’s Renewable Energy Potential for Economic Transformation and Socioeconomic Inclusion.”
He explained that the funds—sourced through a mix of public–private partnerships, multilateral institutions, and climate finance channels—will fast‑track the deployment of solar mini‑grids, standalone systems, and other clean‑energy infrastructure, particularly in underserved and off‑grid areas.
“At the REA, we currently have a funding pipeline of close to $1.6 billion that we are pursuing to crystallise,” Aliyu said.
“We expect $200 million from the Japan International Cooperation Agency, with final signing scheduled for next month. We are also expecting another $50 million from repatriated funds with the U.S. Department of Justice, which has been earmarked based on the strength of our programs.”
He added that the agency’s capital budget alone captures about ₦500 billion, with ₦100 billion already set aside for a national public sector solarisation program.
Through this program, REA plans to energise 25 communities across Nigeria and anticipates around $500 million in additional funding.
“We have the funding, technical expertise, and the capacity to work with states in driving renewable energy projects,” Aliyu stressed.
Aliyu also praised the contributions of Renewable Energy Service Companies (RESCOs), noting that they have collectively deployed over $2 billion worth of infrastructure in some of the most difficult‑to‑reach areas in the country.
“These RESCOs have built strong competencies in raising capital, managing infrastructure, and engaging communities to take ownership of these projects,” he said.
On state preparedness, Aliyu revealed that Ondo scored four out of five in policy capacity readiness but needs improvement in funding and data readiness to attract private-sector investments.
“With the Electricity Act, the federal government has handed over greater responsibility to the states. We’ve assessed state readiness based on policy capacity, funding and investment climate, infrastructure, and data readiness. We want to support states like Ondo to strengthen funding and data while they improve policy and capacity,” he explained.
Aliyu further highlighted REA’s National Electrification Strategy and Implementation Plan, which aims to chart a clear path for every state to achieve universal access to power. He noted that 119 million Nigerians remain without electricity, spread across 22 million households.
“We are committed to working with every state to deliver electricity access to all Nigerians,” he assured, adding that Ondo State stands to benefit significantly from the agency’s ambitious programs, especially in communities still lacking reliable electricity.
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Tears For A Titan: Family Unveils Emotional Three-Day Funeral Plan For Iconic Actor Kola Oyewo!.
The funeral arrangements for the celebrated Nigerian actor, theatre scholar, and traditional ruler, Chief Dr. Adekola Gabriel Oyewo (Kola Oyewo), have been finalized by his family, with interment scheduled for Friday, August 7, 2026, in Osun State. The veteran actor passed away at age 80, leaving behind a legacy as a prominent figure in stage, television, and academia.....KINDLY READ THE FULL STORY HERE▶
The three-day farewell, organized by the Balogun Oyekola Oyewo Memorial Committee, follows this schedule:
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Wednesday, August 5, 2026: A wake-keep and service of songs will be held at St. Mary’s Catholic Church, Igboya, Ile-Ife.
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Thursday, August 6, 2026: A commendation mass is scheduled at St. Mary’s Catholic Church, followed by an artistes’ night at the Obafemi Awolowo University (OAU) Oduduwa Hall. An exhibition celebrating his works and photographs will also open at the Pit Theatre, African Studies Building, OAU, running through Friday.
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Friday, August 7, 2026: After a morning departure from his residence, a requiem mass will take place at St. Joseph Catholic Church, Oba-Ile. He will be laid to rest in a private ceremony at 12:45 p.m. at Labaluyegbe Villa, followed by a reception at Aderonmu Grammar School Field.
The Bangbola Oyewo family of the Ese-Ola Royal House remembered him as a beloved family man, traditional leader, and an inspiration to generations of theatre practitioners. His passing is regarded as the end of an era for the Nigerian theatre community, where he served as an Associate Professor of Drama and a long-standing mentor.
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Nation In Shock! Herders’ King Brutally Murdered: Cops Race Against Time To Catch Killers!.
Authorities have initiated a comprehensive investigation into the murder of Risku Mohammed, the Benue State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), and his associate, Yakubu Isa. The two men were reportedly ambushed by unidentified attackers near Ahimeni in the Okodu area while traveling back from a peace summit in Otukpo.....KINDLY READ THE FULL STORY HERE▶
Benue State Commissioner of Police, Cletus Nwadiogbu, condemned the act as a “senseless and criminal” effort to destabilize local peace and security. Through PPRO DSP Udeme Edet, the Commissioner announced that tactical and intelligence teams have been mobilized to hunt down the perpetrators. CP Nwadiogbu has urged the public to avoid spreading rumors or pursuing vigilante justice, instead appealing for any useful information to be shared with the police to assist in the swift arrest and prosecution of those responsible.
Option 2: Concise News Style
Police in Benue State are hunting for the gunmen who killed MACBAN State Chairman Risku Mohammed and Yakubu Isa. The victims were attacked near Ahimeni in the Okodu area while returning from a peace meeting in Otukpo.
State Commissioner of Police Cletus Nwadiogbu denounced the killings and vowed that the command would “leave no stone unturned” in bringing the culprits to justice. Tactical units have been deployed to the area to track down the assailants. The Commissioner extended his condolences to the bereaved families and called on residents to remain calm, law-abiding, and to report any leads to the nearest police station. He reiterated the command’s firm commitment to ensuring the safety of all citizens and holding the criminals accountable.
Option 3: Action-Oriented
Following the tragic assassination of Benue MACBAN Chairman Risku Mohammed and Yakubu Isa, the State Police Command has launched a full-scale investigation. The victims were killed by unknown assailants near Ahimeni, Okodu, following a peace engagement in Otukpo.
Commissioner of Police Cletus Nwadiogbu has directed tactical and intelligence units to track down and arrest the attackers immediately. In a public statement, the command emphasized that such criminal acts will not be tolerated and that every effort is being made to secure justice for the victims. The public is encouraged to assist the investigation by reporting any relevant information through official channels and is cautioned against fueling tensions by sharing unverified reports.
On June 26, 2026, the dollar-to-naira exchange rate at the Lagos parallel market, commonly referred to as the black market, saw sellers offering the dollar at ₦1402, while buyers were purchasing it at ₦1391, according to Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize this market and advises individuals to conduct foreign exchange transactions through their respective banks.....KINDLY READ THE FULL STORY HERE▶
Additionally, the CBN’s official rates for the same period ranged from a high of ₦1385 to a low of ₦1376. Please be aware that actual transaction prices may vary and might differ from the figures provided in this report.
Exchange Rate Summary (June 26, 2026)
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Parallel Market (Selling): ₦1402
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Parallel Market (Buying): ₦1391
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CBN Official Rates: ₦1376 – ₦1385
What specific aspect of the current foreign exchange market or its impact on consumer trends would you like to discuss further?
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