The estimated 25 million Nigerians that will benefit from the Federal Government’s Solar Home Systems that commences this week will be expected to pay about N4,000 monthly, the presidency has said.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement on Sunday titled “25m Nigerians to own 5m solar systems at N4,000 monthly.”

Akande was giving further insight into earlier reports that the Federal Government will from next week commence the process of installation of 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.

The earlier report, however, elicited questions from Nigerians who wanted to know the cost of owning the solar system.

Akande explained that beneficiaries will be expected to pay about N4,000 monthly over a period of three years.

He 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.

He 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 REA.

The presidential aide said, “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.”

It was further learnt that the World Bank which is also participating in the plan, is providing a grant to finance 20 percent 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.

https://punchng.com/nigerians-to-pay-n4000-monthly-for-solar-system-says-presidency/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1606670939

Interesting!

SolarPower is a program adopted by FG to create Solar energy for the electrification of 5million households, serving about 25million Nigerians in rural areas and under-served urban communities. SolarPower is part of the ESP agenda as produced by Osinbajo led committee https:///3DauAKAAhp.

80% of Nigerians are now enjoy 24/7 electricity in Nigeria. Thanks to Buhari
With this the rest will also start enjoying

r

Interesting one! This Buhari and Osinbajo administration is really doing so great

Buy solar panels wey the batteries go run down before you pay the money finish.


These guys seems to be joking.
Hope they know we are talking about rural electrification, not Urban electrification. So how many people can afford to pay 4k in rural areas, while many in some places in the urban northern cities are struggling to pay 2k for electricity per month. They want to take 4k to the village man that farms during the rain and sell after which he will be praying that god make a way

Fantastic!

For the first time in 200 years , the people of Olooji in Ogun state (Ijebu East) will be getting connected to electricity through the off-grid solar programme of Rural Electrification Agency ( REA ) by Federal Govt.

Commendable.

Yenefer:
80% of Nigerians are now enjoy 24/7 electricity in Nigeria. Thanks to Buhari
With this the rest will also start enjoying

There is no light in my house as I'm typing this

watch buhari come out to say Nigerians are now enjoying 24/7 power

CID11:

There is no light in my house as I'm typing this

which town

Loll.is it us DAT will enjoy this one abi our grand children

This is a good plan from the ESP and it seeks to provide power supply to homes not connected to the national grid. This will also provide direct and indirect employment for Nigerians.