The Nigeria Sovereign Investment Authority (NSIA), along with Africa50 and Sustainable Energy for All (SEforALL), has unveiled a new $300 million investment fund to spur renewable-energy investments in Nigeria.
The Nigeria Distributed Renewable Energy (DRE) Fund was commercially launched on the sidelines of the United Nations General Assembly, marking the transition from fund structuring to active capital deployment and creating a dedicated investment platform to scale distributed renewable energy across Nigeria.
According to NSIA, the Nigeria DRE Fund is intended to help expand reliable, affordable and sustainable energy access in line with Nigeria’s national development priorities. It also supports Mission 300, the effort to connect 300 million people across Africa to electricity by 2030. The Nigeria DRE Fund is jointly managed by the NSIA and Africa50.
Distributed renewable-energy solutions, including mini-grids and standalone solar systems, have an increas
