- REA signs strategic partnerships with NCX and Young Innovators of Nigeria to expand renewable energy deployment.
- The agreements link clean energy with agriculture, technology, and youth development, supporting Nigeria’s broader economic transformation agenda.
Rural Electrification Agency (REA) has signed two Memorandums of Understanding with the Nigerian Commodity Exchange (NCX) and Young Innovators of Nigeria (YIN). Through these partnerships, the agency aims to deepen Nigeria’s clean energy transition, improve agro-industrial productivity, and accelerate innovation-driven economic development.
The first agreement establishes a National Collaborative Framework for Agro-Industrial Cluster Development, Renewable Energy Deployment, and Commodity Trade Formalisation. The partnership supports the food security agenda of the administration of Bola Tinubu.
Under the agreement, NCX will work with REA to integrate renewable energy infrastructure into agricultural value chains across the country. Both organisations will develop a scalable model that combines solar-powered energy systems with commodity aggregation, processing, storage, trading, and export infrastructure. As a result, the initiative aims to reduce post-harvest losses, improve value retention for agricultural products, strengthen food security, boost agro-industrial productivity, and increase non-oil export earnings.
The second agreement establishes a strategic collaboration between REA and YIN to co-host and implement the Technology Ecosystem Dialogue (TED). YIN focuses on closing Nigeria’s digital skills gap by supporting young people, women, startup founders, and persons with disabilities through innovation, entrepreneurship, STEM education, and technology-driven training programmes. The organisation has already supported more than 30,000 young Nigerians through its initiatives.
Through this partnership, both organisations will mobilise resources, engage stakeholders, and organise the Technology Ecosystem Dialogue annually. The programme will align with national priorities in clean energy, innovation, digital transformation, and smart mobility.
REA will provide institutional support and technical expertise to strengthen the clean energy and sustainability components of the initiative. The agency will also participate in exhibitions, policy dialogues, panel sessions, hackathons, stakeholder engagements, and the implementation of recommendations emerging from the dialogue.
According to REA, both agreements demonstrate the agency’s expanding role in connecting renewable energy deployment with broader national priorities, including food security, industrialisation, technology innovation, youth empowerment, and economic resilience.