REAN to Deploy Renewable Power Solutions to 2,000 Nigerian SMEs

The Renewable Energy Association of Nigeria (REAN) announced plans to deploy renewable power solutions to 2,000 Small and Medium Enterprises (SMEs) over the next two years, addressing the country’s persistent energy crisis.

Speaking at the 2025 Renewable Energy Conference, themed “Stronger Together: Advancing Energy Access Through Policy, Finance, and Inclusion,” REAN President Ayo Ademilua highlighted that over 85 million Nigerians still lack reliable electricity. The initiative, in partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aims to ease energy burdens on SMEs, which contribute approximately 48% of Nigeria’s GDP.

Ademilua emphasized the disproportionate impact on women-led businesses, noting that over 90% suffered following the 2023 fuel subsidy removal. He underscored REAN’s commitment to advancing policies, partnerships, and innovations for a cleaner, more inclusive energy future.

The association is also promoting local capacity building, technical competence through the REAN Safe Solar Campaign, and policy measures like naira-based concessionary loans for renewable energy projects, aimed at reducing dependency on imports and enhancing industry growth.

In parallel, Nigerian firms are embracing clean energy adoption. IRS Green Energy Limited has produced electric motorcycles for the Nigeria Police Force and Federal Road Safety Commission, while the Electric Mobility Promoters Association of Nigeria (EMPAN) encourages wider EV adoption.

Through this initiative, REAN seeks to transform energy access for SMEs, strengthen mini-grid viability, and foster sustainable business models, particularly in rural and underserved communities.