Nigerian Government To Deploy Five Million Solar Power Connectors

The Nigerian Government is partnering with investors to deploy five million solar power connections in communities that are not connected to the national electricity grid.

Under its Solar Power Naija Programme, the government, through the Rural Electrification Agency, held an investor match-making event in Abuja to provide the opportunity for potential investors to pitch their financial offerings to developers.

The REA is the implementing agency of the Federal Government under the Federal Ministry of Power, tasked with the electrification of unserved and underserved communities to boost economic growth through the supply of electricity.

The agency stated in a document that “the Solar Power Naija Programme was launched as part of the Economic Sustainability Plan to achieve the roll-out of five million new solar connections in off-grid communities.”

It added, “this programme is expected to generate an additional N7bn increase in tax revenues per annum and $10m in annual import substitution. The objective of the programme is to expand energy access to 25 million individuals (five million new connections) through the provision of Solar Home Systems or connection to a mini-grid.

“It is to increase local content in the off-grid solar value chain and facilitate the growth of the local manufacturing and assembly industry and incentivise the creation of 250,000 new jobs in the energy sector.”

The event, which was organised in collaboration with the Power Africa Nigeria Power Sector Programme, provided a networking and match-making forum that brought together key investors and high-performing developers in the power sector

It is expected to generate an additional N7bn increase in tax revenues per annum and $10m in annual import substitution.

The objective of the programme is to expand energy access to 25 million individuals (five million new connections) through the provision of Solar Home Systems or connection to a mini-grid.

“It is to increase local content in the off-grid solar value chain and facilitate the growth of the local manufacturing and assembly industry and incentivise the creation of 250,000 new jobs in the energy sector.”


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

Bauchi Government Takes Action to Tackle Flooding

The Bauchi State Government has initiated steps to address flooding issues in anticipation of the upcoming rainy season. Hajara Wanka, the Bauchi State Commissioner for Humanitarian Affairs and Disaster Management, made this announcement on Wednesday during a stakeholders’ engagement meeting focused on sustainable flood disaster management strategies. Wanka explained...

Flooding: Johannesburg On High Alert As Heavy Downpour Continues

Heavy rains have been battering Johannesburg since the beginning of the week, with no immediate signs of relief. Now entering its fourth consecutive day, the relentless downpour has heightened concerns over potential flooding, particularly in vulnerable areas. Emergency services have ramped up their efforts to mitigate potential...

South Africa-Botswana Border Closed Due to Heavy Rainfall and Flooding

The South African Border Management Authority has temporarily shut down the Grobler’s Bridge crossing between South Africa and Botswana due to severe rainfall and flooding in the region. This critical border post, located in northern South Africa, is a vital trade route, particularly for miners from Zambia and...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading