RAMCO is Nigeria’s answer to long-term renewable energy investment — Aliyu
…As REA set to launch asset management company on August 26
The Managing Director of the Rural Electrification Agency (REA), Dr Abba Abubakar Aliyu, has described the Renewable Asset Management Company (RAMCO) as Nigeria’s strategic answer to the need for long-term financing of renewable energy infrastructure.
Aliyu made the remarks ahead of the launch of RAMCO, scheduled for Wednesday, August 26, 2026, in Abuja, an initiative expected to usher in a new approach to the development, management and sustainability of distributed renewable energy assets in Nigeria.
In a statement, the REA Managing Director said RAMCO is designed to provide a specialised platform for the professional management, optimisation and long-term sustainability of renewable energy assets.
He said Nigeria has significant renewable energy potential, given its large population, abundant solar resources, growing ecosystem of renewable energy developers and the legal framework established under the Electricity Act 2023.
According to him, the country now needs institutions capable of linking renewable energy infrastructure with long-term private capital.
He said that, if properly structured and commercially managed, RAMCO could serve as a bridge between public infrastructure and private investment, while helping Nigeria transition from a model focused mainly on infrastructure deployment to one centred on asset sustainability, productivity and capital recycling.
“Build. Operate. Optimise. Aggregate. Refinance. Reinvest,” Aliyu said, describing the potential model for creating a revolving financing system for renewable energy infrastructure.
He explained that the approach could enable capital invested in mature renewable energy assets to be refinanced or recycled, subject to appropriate commercial and regulatory structures, with the proceeds potentially deployed into new projects.
Such a model, he argued, could reduce Nigeria’s reliance on government budgets, sovereign borrowing and development finance for expanding electricity access.
The REA boss also identified asset maintenance as a critical component of the renewable energy sector, noting that solar panels, batteries, inverters and other components have varying operational lifespans and require regular maintenance and eventual replacement.
He said effective asset management must therefore cover equipment maintenance, revenue collection, customer demand, operator performance and the overall financial health of renewable energy projects.
According to him, attracting long-term private capital is essential because Nigeria’s electricity infrastructure needs are too extensive to be financed by government alone.
He said the country’s renewable energy strategy must therefore go beyond installed capacity to focus on the efficient management of electricity infrastructure and the mobilisation of capital for sustained expansion.
Aliyu said the success of RAMCO should ultimately be measured by indicators such as the number of renewable energy assets kept productive, the volume of private capital attracted, distressed projects restored and the amount of capital recycled into new electrification projects.
