Nigerians to pay N4000 monthly to own solar power system

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The estimated 25 million Nigerians that will benefit from the Federal Government’s Solar Home Systems will be expected to pay about N4000 monthly.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement on Sunday.

Earlier, the federal government said it will from December commence the process of installation of the five million solar home systems in underserved and off-grid communities across the country.

The installation is in continuation of the implementation of the government’s Economic Sustainability Plan.

Akande said the solar programme nicknamed Solar Power Naija, for which installations starts in December, is being implemented by the Rural Electrification Agency.

“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,” Akande said.

He noted that that the arrangement allows as many as 25 million Nigerians to own personal solar systems in their homes.

Akande added that as indicated in the Economic Sustainability Plan, the five million connections initiative is a private sector-led electricity access acceleration scheme to be facilitated by a low-cost loan facility from the Central Bank of Nigeria and implemented by the Rural Electrification Agency.

Akande also revealed the programme will include the manufacturing of components of off-grid solutions to facilitate the growth of the local manufacturing industry and create about 250,000 jobs.

 




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