The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA) and Africa50 have inked an innovative partnership for a $500 million DRE Nigeria Fund to develop and finance distributed renewable-energy projects in Nigeria.
The DRE Nigeria Fund aims to raise financing to offer tailored financial instruments and attract private-sector capital, while addressing critical challenges such as currency volatility, tariff structures and the limited availability of local currency financing options. Targeted investments will support mini-grids, solar home systems, commercial and industrial power solutions, embedded generation projects, and innovative energy storage technologies to provide more reliable, cost-effective power access for Nigerian homes and businesses.
A key objective of the Nigeria DRE Fund is to catalyze local currency funding from pension funds, insurance companies and other local institutional inves
