News
Electricity: Group lauds REA for transparent, efficient service delivery
The Association of Rural Electrification Contractors of Nigeria (ARECON) has commended the Managing Director, Rural Electricity Agency (REA), Mr Abba Aliyu, for enhancing transparency and efficiency the agency’s service delivery.
The National Public Relation Officer of ARECON, Mr Rotimi Raheem, gave the commendation in an interview with the on Friday in Abuja.
According to him, it is only unpatriotic individuals that will always want to bring down REA and its management team.
“It is worthy to note that malicious and complete falsehood going on in the social media concerning Rural Electrification Agency will not help the electricity sector.
“ARECON has therefore aligned itself with the lofty ideas of Aliyu in moving the Agency forward in the right direction.
“We therefore advise the general public to shun any form of fake news, misinformation, disinformation and fabricated allegations against the REA.
“We know that in this era of fake news, some regressive minds would want to involve in mischievous endeavours to rundown a progressive individual.
“Such retrogressive minds have become uncomfortable with the open transparency been adopted by Aliyu and his management team in repositioning REA for a greater efficiency and project delivery,’’ Raheem said.
The reports have that Aliyu has over 20 years of experience in energy policy and organisational development.
He also served as General Manager at the Nigerian Bulk Electricity Trading Plc
His leadership has resulted in securing approval for the $750 million Distributed Access through Renewable Energy Scaleup (DARES) facility from the World Bank.
REA has continued to roll out solar off-grid power solutions and grid extension to millions of unserved and underserved Nigerians.
REA has been successful particularly because of critical partnerships with key Government counterparts and both national and international stakeholders as well as the private sector.
(NAN)
News
Ogunlesi backs Tinubu reforms as FIRS chairman Adedeji highlights export-led economy
Joel Ajayi
After a high-level meeting with President Bola Tinubu in Abuja, Nigerian-born global investor Adebayo Ogunlesi expressed renewed confidence in the country’s economic reforms, indicating potential mega investments across energy, aviation, and port sectors.
He was joined in that optimism by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), who stressed that the reforms were laying the groundwork for an export-driven economy.
Speaking to journalists after the closed-door meeting, Ogunlesi praised the sweeping policy changes under Tinubu’s administration, including the removal of subsidies, tax reforms, and the revival of a refinery already exporting aviation fuel.
“We had an excellent meeting where we discussed how to put Nigeria front and center for international investment. The President was very encouraging, and we shared useful suggestions on driving economic growth,” Ogunlesi said.
Although he declined to reveal specific details, Ogunlesi confirmed that his firm is actively investing in Nigeria and assessing new opportunities.
“Watch this space. Nigeria is not yet the most exciting investment destination, but that’s what we are working on,” he teased.
Pressed on the sectors of interest, Ogunlesi highlighted energy, gas, aviation, ports, and renewables. Drawing on his firm’s experience with LNG projects in Texas and Australia, he noted Nigeria’s massive untapped gas reserves.
On aviation, he acknowledged his reputation as “the guy who bought Gatwick Airport” and signaled interest in similar ventures locally.
He also admitted that one of his companies operates ports in Cotonou and Lomé but none in Nigeria, a point Tinubu reportedly challenged him on.
“He forgave me but said, ‘you have to bring port investment to Nigeria,’” Ogunlesi recounted with a smile.
International investor Hakeem Bello-Osagie, who was also present, underscored the importance of diaspora participation in Nigeria’s growth story.
“When Nigerians at home and abroad invest in Nigeria, it sends a strong signal to the world,” he said, lauding Tinubu’s policies for making the country “investable.”
Echoing the sentiment, FIRS chairman Adedeji described the reforms as the foundation for an export-led economy.
“We’ve done the fundamentals, and now it is time to deliver growth,” he said.
With global players signaling confidence, the momentum for Nigeria’s economic repositioning is gaining ground, setting the stage for transformative investments in key industries.
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