Nigeria has obtained about $83 million in new funding to expand electricity supply to rural and underserved communities through off-grid renewable energy projects.

The support comes from a financing arrangement backed by the International Finance Corporation in partnership with the World Bank Group under the country’s Distributed Access through Renewable Energy Scale-Up (DARES) programme.

Officials say the money will help private energy companies deploy solar mini-grids and home systems in areas without reliable power supply, especially in remote communities.

The initiative is being coordinated through the Nigeria Electrification Programme and the Rural Electrification Agency, which are working to close Nigeria’s electricity gap using renewable energy solutions.

Energy developers such as Darway Coast, GVE Projects, Prado Power and others are part of the first phase of the rollout, while additional companies will join in later stages.

Government officials say the funding structure blends commercial and concessional loans, making it easier for private investors to expand clean energy projects across the country.
They also describe the programme as a shift from pilot projects to large-scale electricity deployment, aimed at reaching millions of Nigerians.

Authorities believe the investment will not only improve access to electricity but also support small businesses and boost economic activity in rural areas.