The establishment of the Renewable Asset Management Company (RAMCO) will ensure that Nigeria moves beyond merely building renewable energy projects to preserving their long-term value, performance, and commercial viability throughout their economic lifecycles.
The Managing Director and Chief Executive Officer of the Infrastructure Corporation of Nigeria (InfraCorp), Dr. Lazarus Angbazo, made this known on Wednesday in Abuja during the official launch of RAMCO by the Rural Electrification Agency (REA).
Angbazo emphasized that the real economic life of an infrastructure project begins after commissioning, noting that the country must build robust systems to guarantee that renewable energy installations continue to function optimally, generate sustainable revenue, and deliver lasting value for decades.
According to him, Nigeria must transition from simply tallying completed projects to evaluating asset performance, operational accountability, and long-term maintenance frameworks.
He stressed that this approach is vital for clean energy installations deployed across universities, teaching hospitals, public institutions, and off-grid communities under various federal initiatives.
“These are extremely important national investments and deserve to be celebrated. They support learning, healthcare, public services and economic activity.”
“But for every dollar or naira invested in these assets, there is a corresponding obligation to preserve and maximise their value. And that is precisely why RAMCO now exists,” Angbazo said.
The InfraCorp Chief explained that infrastructure requires continuous monitoring, preventive and corrective maintenance, revenue assurance, ongoing reinvestment, and eventual decommissioning or renewal.
RAMCO was specifically created to institutionalize these responsibilities under a professional asset-management framework.
Angbazo highlighted that the initiative leverages the combined strengths of the REA, the Ministry of Finance Incorporated (MOFI), and InfraCorp.
Under the tripartite model, the REA provides technical expertise and programme insights, MOFI delivers strategic state asset management and ownership oversight, while InfraCorp contributes project bankability structuring and the capacity to mobilize long-term private capital.
“These are distinct capabilities, and that is precisely the strength of the RAMCO model,” he said, adding that while technical competence delivers projects, long-term sustainability demands seamless integration across technical, commercial, financial, and governance disciplines.
Angbazo further noted that RAMCO will expand private-sector participation, fostering a broader renewable energy ecosystem comprising operations and maintenance providers, battery-storage specialists, energy service firms, engineering outfits, and institutional financiers.
“Capital does not invest simply because infrastructure is important. Capital invests when assets are identifiable, performance is measurable, revenues are credible, governance is strong, risks are understood and returns are reasonable,” he noted.
He stated that well-structured asset portfolios will enable refinancing, credit enhancement, and asset-backed financing, ultimately creating self-sustaining infrastructure that reduces reliance on public subsidies.
“Today’s investments can help finance tomorrow’s projects. The real test of RAMCO will not be how successful today’s launch is. The real test will be whether, five years from today and 10 years from today, the renewable energy assets entrusted to this platform are working better, lasting longer, serving more Nigerians, attracting more private investment and preserving more public value because RAMCO exists,” Angbazo added.
In his remarks, the Managing Director/CEO of the REA, Abba Aliyu, described RAMCO as the future of productive renewable energy asset utilization.
He explained that RAMCO will not burden the national treasury, but will instead unlock fresh private capital and revenue streams to ensure the long-term sustainability of off-grid infrastructure.
“RAMCO will reduce Nigeria’s dependence on government budgets, sovereign borrowing, and development finance to expand electricity access,” Aliyu said.
He added that RAMCO will enable capital deployed into mature renewable energy assets to be refinanced or recycled under robust commercial and regulatory frameworks, freeing up liquidity for new projects.
