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25 Million Nigerians To Pay N4000 For Solar System – Osinbajo

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The presidency had said each Nigerian that will benefit from the federal goverment’s installation of solar system in rural areas or communities will be expected to pay four thousand montly.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, responded to the call of some Nigerians who requested for the cost earlier. According to him, if you are given a solar, it is expected of you to pay four thousand every month.

He explained further that beneficiaries would be expected to pay about N4,000 monthly over three years.

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

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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 three years,” Akande said.

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.

“Because 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.

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“Also, 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 per cent 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.

However, the scheme plans to plant solar system for 25 million Nigerians.

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