Over 25 Million Nigerians To benefit From Solar Installations – FG

Not less than 25 million Nigerians are going  to benefit from the proposed off-grid solar home systems across rural communities in the country.

The  initiative would see consumers pay ₦4,000 monthly, as announced by the Federal Government.

Recall that the FG had announced that the installation of the N140 billion solar project for 5 million households in underserved and rural communities would commence from the first week of December.

It explained that the initiative is a continuation of coordinated implementation of the Economic Sustainability Plan (ESP) brought about by the President Muhammadu Buhari administration.

The initiative is implemented by the Rural Electrification Agency (REA).

Reacting in a statement on Sunday, Laolu Akande, the senior special assistant on media and publicity to Vice-President Yemi Osinbajo, noted that the beneficiaries of the solar programme, tagged Solar Power Naija, are expected to pay ₦4,000 monthly over a period of three years.

“An important aspect of the scheme is the option of outright ownership by beneficiaries at a cost ranging from ₦1,500 per week to ₦4,000 monthly depending on the capacities, for a period of three years,” Akande said.

The solar installation is also expected to create about 250,000 jobs including in manufacturing, assembling, installations, maintenance and payment systems.