Nigeria’s Rural Electrification Agency (REA) is preparing to launch a new asset management company designed to draw long-term private capital into the country’s renewable energy sector, as the government looks beyond public financing to close its electrification gap.
The Renewable Asset Management Company, or RAMCO, will debut Wednesday, Aug. 26, 2026, in Abuja, according to Abba Abubakar Aliyu, managing director of the REA. The agency describes the launch as the start of a new phase in expanding distributed renewable energy access across Africa’s most populous nation.
“RAMCO is Nigeria’s answer to long-term renewable energy investment,” Aliyu said in a statement announcing the launch, adding that the company would provide “a specialised platform for the professional management, optimisation, and long-term sustainability of renewable energy assets.”
Nigeria has struggled for years to finance the scale of electricity infrastructure needed to serve its more than 200 million people, relying heavily on government budgets, sovereign borrowing and development finance institutions. Aliyu said that model has reached its limits.
“The country now needs institutions capable of connecting renewable energy infrastructure with long-term private capital,” he said, pointing to Nigeria’s solar resources, its expanding base of renewable energy developers, and the legal backing provided by the Electricity Act 2023 as evidence the opportunity is ripe.
