Jul 07, 2026 (This Day/All Africa Global Media via COMTEX) --
The Rural Electrification Agency (REA) has signed a landmark Memorandum of Understanding (MoU) with the Jigawa State Government, the Nigerian Commodity Exchange (NCX), and Astound Power Limited to deliver 7MW of power.
The MoU, which was signed at the Jigawa Investment Summit (J-Invest 2026), will power a multi-state PPP initiative comprising seven (7) Agro-Industrial Clusters across Jigawa, Taraba, Kaduna, Kebbi, Ekiti, Osun and Ebonyi states.
Under the agreement, the REA will deploy the energy infrastructure to power irrigation systems and processing facilities, while the NCX will issue NCX-backed warehouse receipts to eligible farmers and aggregators for export.
Speaking during the MoU signing, the Managing Director of the REA, Dr. Abba Aliyu who served as a lead panelist at the summit asserted that reliable electricity remains one of the most critical foundations for attracting investment, driving industrialization, and generating jobs across Nigeria.
He noted that the MoU reflects a shared conviction that clean energy and agriculture must be integrated to effectively strengthen food security, create sustainable employment, and unlock greater economic value for local farmers and rural host communities.
He further emphasised that energy is the vital catalyst enabling businesses to scale and communities to prosper.
COMTEX_486145212/2029/2026-07-07T15:58:50
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