INDUSTRY TRENDS

solar solutions for 200,000 homes

The Solar Power Naija Programme is being launched under the Buhari Administration’s Economic Sustaina bility Plan (ESP) and supervised directly by the Vice President of the Federal Republic of Nigeria, Prof Yemi Osinbajo. 

The NSIA-REA partnership will see the NSIA creating an initial revolving fund of N10 bilion ($24,252,900) for qualified developers to distribute and manufacture Solar Home Systems. The fund will be accessible by Nigerian Electrification Programme (NEP) qualified developers under the existing REA and World Bank scheme that guides technical qualification and provides grants for developers to invest and participate in off-grid electrification projects. The REA under the Ministry of Power will provide technical and advisory support to the NSIA as it rolls out the programme.