Home Business FG to provide solar energy to 5 million Nigerian homes within 1...

FG to provide solar energy to 5 million Nigerian homes within 1 year

The Federal Government of Nigeria has announced plans to provide solar energy system to 5 million Nigerian homes within one year. This project impacting up to 25 million individual Nigerians in the next 12 months is part of the Economic Sustainability Plan (ESP) by the Government.

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President Muhammadu Buhari disclosed in an address at the first year Ministerial Performance Review Retreat held at the Presidential Villa in Abuja on Monday, September 7, 2020. He was represented at the retreat by the Vice President, Professor Yemi Osinbajo.

“In addressing the power problems, we must not forget that most Nigerians are not even connected to electricity at all.” Said Yemi Osinbanjo

According to the president address, government has started the process of providing financing support through the CBN for manufacturers and retailers of Off Grid Solar Home Systems and Mini-Grids who are to provide the systems has begun by the government.

The Solar energy systems under the ESP’s Solar Power Strategy will create about 250,000 jobs and impact up to 25 million beneficiaries through the installation. This gives more Nigerians access to electricity via a reliable and sustainable solar system.

The president added that the process of purchasing the bulk Solar Home Systems and local meters from manufacturers will provide over 300,000 local jobs while ensuring that we set Nigeria on a path to full electrification.

In conclusion the president explained more about the recent review of service-based electricity tariffs:

“The tariff review is not about the increase, which will only affect the top electricity consumers, but establishing a system which will definitely lead to improved service for all at a fair and reasonable price.”

We are also executing some critical projects through the Transmission Rehabilitation and Expansion Programme, which will result in the transmission and distribution of a total of 11,000 Megawatts by 2023,” the President said.

Read more: Federal Government to close Third Mainland Bridge from Friday midnight to January 2021

Ndaman Joshua Olayinkahttp://www.yinksmedia.com
Tech Zealot and Passionate about writing everything concerning it. I support Arsenal.

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