Friday, June 12, 2026 · Lagos

The NEWS

NIGERIA’S NEWSMAGAZINE SINCE 1993

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From left: Executive Director, Rural Electrification Fund, Rural Electrification Agency (REA), Engr. Doris Uboh; Executive Director, Corporate Services, REA, Mr. Gboyega Ayoade; Managing Director, Sholep Energy Limited, Engr. Olalekan Shogbesan; Executive Director, Wholesale Banking, FCMB, Mr. Obaro Odeghe; Vice President, Renewable Energy Association of Nigeria (REAN), Mrs. Damilola Asaleye; and Executive Director, Technical Services, REA, Engr. Abdulahi Umar, at the launch of FCMB’s ₦100 billion facility for the Distributed Access through Renewable Energy Scale-Up (DARES) project and the signing of a Memorandum of Understanding with REA on June 19, 2025, in Lagos. The facility is designed to accelerate electricity access for two million households across Nigeria.

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From left: Executive Director, Rural Electrification Fund, Rural Electrification Agency (REA), Engr. Doris Uboh; Executive Director, Corporate Services, REA, Mr. Gboyega Ayoade; Managing Director, Sholep Energy Limited, Engr. Olalekan Shogbesan; Executive Director, Wholesale Banking, FCMB, Mr. Obaro Odeghe; Vice President, Renewable Energy Association of Nigeria (REAN), Mrs. Damilola Asaleye; and Executive Director, Technical Services, REA, Engr. Abdulahi Umar, at the launch of FCMB’s ₦100 billion facility for the Distributed Access through Renewable Energy Scale-Up (DARES) project and the signing of a Memorandum of Understanding with REA on June 19, 2025, in Lagos. The facility is designed to accelerate electricity access for two million households across Nigeria.

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