REA to launch renewable asset management company

The Rural Electrification Agency (REA) plans to launch the Renewable Asset Management Company (RAMCO) on August 26, 2026, in Abuja, according to Managing Director Abubakar Aliyu. RAMCO aims to provide a specialized platform for managing, optimizing, and ensuring the long-term sustainability of renewable energy assets in Nigeria.

Aliyu emphasized that RAMCO would act as a crucial bridge between public infrastructure and private investment in Nigeria's renewable energy sector. He highlighted the country's potential for renewable energy development, citing its large population, abundant solar resources, and a growing ecosystem of renewable energy developers.

The agency also aims to address critical issues such as asset maintenance, revenue collection, and capital recycling to reduce reliance on government budgets, sovereign borrowing, and development finance for expanding electricity access.