Country
Nigeria
Sector
Energy
Intelligence Type
Project
Status / Stage
Active
Estimated Value
USD Million 750
Confidence
Confirmed
Latest Development
Nigeria’s $750 million World Bank-funded DARES programme targets 16.2 million Nigerians via solar home systems, mini-grids and productive-use equipment. As of August 2026, 5.3 million Nigerians reached with 1.046 million solar home units deployed — significantly behind the 2.75 million unit target. World Bank released further tranches after Nigeria met four performance conditions.
Project Details
Project TypeOff-grid solar — solar home systems, mini-grids, productive-use equipment
Project OwnerRural Electrification Agency / Federal Ministry of Power
Financing InstitutionWorld Bank ($750m)
Start Date2023
Expected Completion2027
Current PhaseConstruction
Funding StatusClosed
Latest Development (Detail)
5.3m reached vs 16.2m target. World Bank additional tranches released August 2026.
What Happens Next
Acceleration of solar home unit and mini-grid deployment.
Commercial Opportunity
Rolling procurement for solar panels, batteries, inverters, installation services — open on a continuous basis.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Analyst Notes
Link to Policy record: Nigeria Electricity Act 2023.
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Energy News Network Nigeria NOW! 2026; World Bank DARES page; Vanguard March 2026
Source DateMarch–August 2026