Represented by the Rural Electrification Agency, the government announced on Monday that the MoU with OCEL was also part of measures adopted to further mitigate the harsh impact of the removal of subsidy on Premium Motor Spirit, popularly called petrol.
The REA, in a statement issued in Abuja, said the agency would continue to play a key role in the nation’s off-grid renewable energy space by drawing in private sector investment, facilitating inter-sectoral collaboration and aiding the implementation and delivery of off-grid solutions nationwide.
It stated the Oando brand activated its clean energy subsidiary, Oando Clean Energy Limited in 2021, adding that the REA-Oando collaboration was targeted at exploring new approaches to clean energy development for socio-economic impact in post-subsidy Nigeria.
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