Nigerian govt releases framework for solar mini-grid deployment | Ripples Nigeria
Business Latest

Nigerian govt releases framework for solar mini-grid deployment

Nigerian govt releases framework for solar mini-grid deployment

The Nigerian government has issued the modalities for the deployment of a solar mini-grid in the power industry.

Goddy Jedy-Egba, the Minister of State for Power, disclosed in Abuja on Tuesday that the framework would help maintain standards in the solar-mini grid subsector.

The Central Bank of Nigeria (CBN) had two days ago launched a solar intervention fund aimed at providing investors access to credit facility with an upper limit of N500 million which will in turn provide affordable electricity to rural dwellers.

The CBN solar connection initiative has an ambition of enlarging electricity access to 25 million individuals by means of supply of solar home systems or connection to a mini grid.

Read also: Nigeria, UAE sign accord on solar energy & AI development

Jedy-Egba said the scheme would resolve the issue of steep rise in inferior renewable energy machinery and equipment as well as shoddy designs and construction practices.

He observed that government was ramping up efforts to make electricity accessible to Nigerians.

According to the minister, the scheme would address the challenge posed by lack of uniformity in renewable energy projects.

It is anticipated that the intervention would provide a model for the installation of renewable energy and for contracting and practices.

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!
/* ]]> */