The Rural Electrification Agency (REA) has signed a landmark Memorandum of Understanding (MoU) to deliver 7MW of power to seven agro-industrial clusters across Nigeria.
The deal was signed at the Jigawa Investment Summit (J-Invest 2026) with the Jigawa State Government, the Nigerian Commodity Exchange (NCX), and Astound Power Limited. The project will cover clusters in Jigawa, Taraba, Kaduna, Kebbi, Ekiti, Osun and Ebonyi states.
Under the MoU, REA will deploy energy infrastructure to power irrigation systems and processing facilities, while NCX will issue NCX-backed warehouse receipts to eligible farmers and aggregators for export.
At the summit, REA Managing Director Dr. Abba Aliyu said reliable electricity remains one of the most critical foundations for attracting investment, driving industrialization, and generating jobs across Nigeria.
He noted that the deal reflects a shared conviction that clean energy and agriculture must be integrated to effectively strengthen food security, create sustainable employment, and unlock greater economic value for local farmers and rural host communities.
He further emphasized that energy is the vital catalyst enabling businesses to scale and communities to prosper.
He maintained that investment inherently follows both opportunity and institutional confidence.
“One of the strongest signals any government can send is a clear commitment to creating an environment where businesses can thrive,” he said.