Lead party: Alpha Morgan Bank (lender)
Coverage: The Meridian legal market record (editorial).
The Rural Electrification Agency signed a ₦50 billion financing partnership with Alpha Morgan Bank. The bank will lend up to ₦50 billion to renewable developers in REA programmes including DARES. Revolving loans are up to ₦10 billion per developer for 12–24 months, covering up to 70% of counterpart funding. REA handles approvals and verification. No advisers are named.
Value (as reported): ₦50 billion.
Parties: Agency: Rural Electrification Agency; Lender: Alpha Morgan Bank.
Jurisdiction (as reported): Nigeria · Sector (as reported): Renewable energy / Off-grid.
Source: LinkedIn firm publication, posted 26 August 2026. Meridian record LI-DL-2026-0201.
