Nigeria Launches RAMCO to Manage Renewable Energy Assets

The Nigerian government has launched the Renewable Asset Management Company, RAMCO, a new entity designed to ensure the long-term sustainability of publicly funded renewable energy assets and attract private capital to the sector. The launch, which took place in Abuja on Wednesday, August 26, 2026, was attended by the Minister of Power, Joseph Tegbe, and the Managing Director of the Rural Electrification Agency, REA, Abba Aliyu.

The initiative aims to address a critical challenge in Nigeria's power sector: the deterioration of infrastructure after commissioning. According to officials, an assessment of seven solar hybrid power projects deployed under the REA's Energising Education Programme found that only three were in good or usable condition. The deterioration was attributed not to engineering failures, but to the absence of a sustainable maintenance system, reliable revenue mechanisms, and clear institutional responsibility for preserving the assets.

RAMCO is intended to be the institutional answer to this problem. The company will professionally manage publicly financed renewable energy assets, contract competent operators, meter electricity consumption, collect revenue,...