FG floats renewable asset coy to support long-term energy financing, infrastructure

By Adewale Sanyaolu
The Federal Government through the Rural Electrification Agency (REA), is set to launch the Renewable Asset Management Company (RAMCO) as Nigeria’s strategic answer to long-term energy financing.
The Managing Director of the Rural Electrification Agency (REA), Dr Abba Abubakar Aliyu, disclosed that the launch of RAMCO which heralds a new era of advancing distributed renewable energy access in Nigeria is billed to hold in Abuja next Wednesday.
The REA MD disclosed that RAMCO is intended to provide a specialised platform for the professional management, optimisation, and long-term sustainability of renewable energy assets.
He noted that Nigeria’s renewable energy...