FG: Solar Power will cost 25 million households N4000 monthly

An estimated 25 million Nigerians are expected to pay about N4,000 monthly over a 3-year period to benefit from the Federal Government’s Solar Home Systems that will commence this week.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement on Sunday, November 29.

According to Akande, 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.

Akande disclosed that 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 3 years, noting that the arrangement allows as many as 25 million Nigerians to own personal solar systems in their respective homes.

“The programme will include the assembly or manufacturing of components of off-grid solutions to facilitate growth of the local manufacturing industry.

In view of the scale of materials required, solar equipment manufacturers/assemblers will be incentivized 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,” he said.

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