Nigeria secures $425m for solar panel manufacturing expansion
Nigeria has attracted significant investment in its renewable energy sector, with about $425m committed to establishing eight new solar manufacturing facilities. Abba Aliyu, Managing Director of the Rural Electrification Agency, highlighted the success of government policies in boosting local production and investor confidence. Locally produced solar panels are now being exported to other West African countries, positioning Nigeria as a regional hub. The country’s renewable energy programme is also drawing interest from several African nations.
TLDR
- Nigeria secured about $425m in investments in 2025 for eight renewable energy manufacturing facilities.
- Abba Aliyu said local solar panel production capacity has increased from 120 megawatts to roughly 300 megawatts, with 3.7 gigawatts in the pipeline.
- Locally produced solar panels are now being exported from Lagos to Accra, Ghana.
- The renewable energy initiative includes regulatory reforms and a results-based financing model to attract private sector participation.
- The $750m Distributed Access through Renewable Energy Scale-Up programme aims to mobilise an additional $1.1bn in private sector investment, with support from financial institutions and development partners.
