The Federal Government has said that more than 200,000 Micro Small and Medium Enterprises, (MSMEs) will benefit from its Energizing Economies Initiative being implemented by the Rural Electrification Agency(REA).
This is even as the initiative is expected to create over 2,500 jobs and reduce carbon emissions by 25,000 metric tonnes annually.
The agency’s Director of Promotions, Ayang Ogbe, disclosed this in Lagos ahead of the commissioning of the Sura Shopping Complex 1PP Electrification Project by the Vice President, Professor Yemi Osinbajo, on Friday.
Ogbe pointed out that as a result of the project, over 799 generators had been decommissioned, reducing harmful greenhouse emissions and noise pollution, while shop rentals in Sura Shopping Complex has increased by 15 per cent.
The Sura Shopping Complex IPP project, which was developed by Solad Power Holdings, provides power from the Island Power Plant in Marina through a dedicated underground distribution infrastructure.
Speaking on the project, the President of Sura Shopping Complex, Mrs. Olubunmi Aina, commended the REA for the intervention in providing power to the market, adding that the complex now enjoys lower tariff as well as increased patronage by customers.
