The Federal Government has finalise plans to provide no less than 5,000,000 households in Nigeria with solar home systems in the next one year.
President Muhammadu Buhari revealed this on Monday at the first-year Ministerial Performance Review Retreat held at the Presidential Villa in Abuja.
The President, who was spoken to at the occasion by the Vice President, Professor Yemi Osinbajo, stated, “In addressing the power problems, we must not forget that most Nigerians are not even connected to electricity at all.”
“So, as part of the Economic Sustainability Plan (ESP), we are providing solar home systems to five million Nigerian households (impacting up to 25 million individual Nigerians) in the next 12 months,” he added.
A Way To Full Electrification
According to the President, the government has started working toward giving financing backing to makers and retailers of Off-Grid Solar Home Systems and Mini-Grids, who are to give the frameworks, through the Central Bank of Nigeria (CBN).
He acknowledges the 5,000,000 systems under the ESP’s Solar Power Strategy will provide 250,000 jobs and benefits up to 25 million beneficiaries through the establishment.
President Buhari clarified this would convert into more Nigerians accessing electricity by means of a reliable and sustainable solar system.
He expressed that the help to solar home system makers and the mass obtainment of local meters would provide more than 300,000 jobs while showing Nigeria a way to full electricity supply.
“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,” he said.
He noticed that the government has created N2.3 trillion ESP (which comprises of financial, money related, and sectoral measures to improve local production, support businesses, retain and create jobs, and help Nigerians, particularly the most vulnerable as part of its response to the difficulties caused by the COVID-19 pandemic.