Nigeria Launches RAMCO to Boost Renewable Energy Supply

The Federal Government of Nigeria is targeting improved electricity supply through the increased deployment and sustainable management of renewable energy assets. This was announced by the Minister of Power, Mr Joseph Tegbe, during the launch of the Renewable Asset Management Company (RAMCO) and a stakeholders’ media engagement session.

Tegbe emphasized that renewable energy is becoming a crucial component of Nigeria’s electricity strategy, aiming for a diversified power system that includes grid supply, embedded generation, mini-grids, and distributed renewables. RAMCO is part of broader reforms to ensure sustainable management of power infrastructure and improve electricity availability.

Tegbe stated that Nigeria has significant power assets and energy resources but struggles with dependable electricity supply. RAMCO will focus on preserving the value of renewable energy assets, improving their uptime, and attracting additional investment to the sector.

The success of RAMCO will be measured by operational performance rather than the number of assets managed.