By Abdullahi Lukman
Nasarawa State government has offered a tax holiday to investors in the renewable energy sector on the state, assuring them of a favorable business environment.
Governor Abdulahi Sule of the state announced this in Abuja at a roundtable organized by the Rural Electrification Agency (REA) in collaboration with the Nasarawa State government.
At the roundtable, Abba Aliyu, the MD/CEO of REA, highlighted the transformative potential of the 2023 Electricity Act, noting that it allows private sector and sub-national entities to participate across the electricity value chain.
Related Posts
He emphasized the importance of renewable energy in bridging the electricity access gap.
The REA helmsman stated that Nigeria has the highest number of people without electricity globally, with 86 million individuals lacking access, including 22 million residential households needing electrification.
He commended Nasarawa State for having the highest number of mini-grids in Nigeria and indicated that REA has assessed each state’s readiness for 100 percent electrification, with the results to be presented to Nasarawa.
Doris Uboh, Executive Director of the Rural Electrification Fund, mentioned the agency’s $750 million World Bank funding aimed at rural electrification and praised Governor Sule for fostering an enabling environment for business in Nasarawa.
