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Nigerians To Pay N4,000 Monthly For Solar Home System – Federal Government Announces

Nigerians To Pay N4,000 Monthly For Solar Home System – Federal Government Announces

Nigerian Federal Government has on Sunday announced that about 25 million citizens who will be benefiting from it’s Solar Home Systems that commences this week, will be paying a monthly fee of N4,000.

According to reports, the announcement was made by Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande in a statement titled “25m Nigerians to own 5m solar systems at N4,000 monthly”.

In the statement, the federal government revealed that the plan of commencing the process of installation of five million solar home systems in underserved and off-grid communities across the country is in continuation of the implementation of the government’s Economic Sustainability Plan.

It was also gathered that the solar programme nicknamed Solar Power Naija is being implemented by the Rural Electrification Agency.

The solar’s installations start in December.

Akande said;

“An important aspect of the scheme is the option of outright ownership by beneficiaries at a cost ranging from N1, 500 per week to N4, 000 monthly depending on the capacities, for a period of three years.

“The programme will include the assembly or manufacturing of components of off-grid solutions to facilitate the growth of the local manufacturing industry.

“In view of the scale of materials required, solar equipment manufacturers/assemblers will be incentivised to set up facilities in Nigeria, thereby offering additional job opportunities to Nigerians.

“In addition, installation, servicing and payment collections are expected to provide thousands of other jobs. In all, at least 250, 000 jobs will be created.”

While the World Bank which is also participating in the plan is providing a grant to finance 20 per cent of the retail cost of the solar system across the country, the REA which is the lead implementing agencies of the Solar Home System, had through its off-grid solar programme connected the people of Olooji community (Ijebu East) in Ogun State to electricity, for the first time in 200 years.

Olooji solar hybrid has a total capacity of 100KW completed with 304 solar panels, 72 batteries and over 30KM of distribution network cables, serving over 4,000 people.”

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