Eyinwa Village Gets $250m Lifeline to Power Nigeria’s First Circular Economy

Aviation and development journalist, Mr. Wole Shadare

In the rustic and often-overlooked village of Eyinwa, just 90 minutes from the commercial energy of Lagos, hope arrived in a form many residents had never imagined: lights, water, and the promise of economic rebirth.

This week, Eyinwa was thrust into the national spotlight as Skillicorn Nigeria Limited signed a landmark $250 million Memorandum of Understanding (MoU) with the Odogbolu Local Government Area for the rollout of Nigeria’s first New Circular Economy (NCE).

The high-level event was anchored by respected aviation and development journalist, Mr. Wole Shadare, whose calm and engaging moderation brought clarity and perspective to the day’s significance. Speaking to a cross-section of dignitaries, community members, and the media, Shadare highlighted the urgent need to bridge the rural-urban development gap and praised the Eyinwa project as “a practical demonstration of what visionary investment looks like.”

At the heart of the project is a plan that many described as unprecedented: full-service utility delivery—including clean water, firm renewable electricity, and advanced wastewater treatment—for every Eyinwa household that opts in. The project also introduces an innovative economic model where families become joint venture partners in a kitchen garden enterprise, with profits shared between households and the project SPV (Special Purpose Vehicle).

During the event, Dr. Babatunde Diya, Chairman of Odogbolu LGA, reaffirmed the commitment of the local and state governments to support the project from the ground up.
“This initiative is more than infrastructure; it is a shift in how we think about rural development. Eyinwa is now the model for what’s possible,” Dr. Diya declared.

Capt. Sunny Adegbuyi, Managing Director of Skillicorn Nigeria Limited, shared emotional reflections on the project’s journey. “This village has waited long enough. Our goal is to co-create value with the people—not for them, but with them,” he said, noting that the project will generate over 200 jobs and introduce local fibre production contracts to the area.

But beyond the policy talk and economic projections, the voices of Eyinwa’s residents told the real story.

“I didn’t think I’d see the day when we would have clean water and light,” said Mama Felicia, a lifelong resident. “Now they say we can even be part owners of the project. It’s like a miracle.”

As the signing ceremony wrapped up, Mr. Wole Shadare took a moment to reflect.
“Eyinwa reminds us of the two Nigerias—the one with everything and the one with nothing,” he told the audience. “Today, we’ve seen what it means to begin closing that gap. It’s no longer about promises; it’s about action.”

In a world often defined by forgotten rural communities, the Eyinwa NCE Project is rewriting the script—one household, one garden, one lightbulb at a time. And as Wole Shadare aptly concluded, “If it can happen in Eyinwa, it can happen anywhere.”

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