Nigeria Sovereign Investment Authority targets 200,000 off-grid connections by 2023

📆 2021/12/24 20:35:00
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The agency is partnering the Rural Electrification Agency to achieve this goal.

on Thursday announced that it is partnering with the Rural Electrification Agency in an effort to catalyse ‘Off-Grid’ renewable power to underserved communities in Nigeria.Solar Power Naija Programme

“The fund will be accessible by Nigerian Electrification Program qualified developers under the existing REA and World Bank scheme that guides technical qualification and provides grants for developers to invest and participate in Off-Grid Electrification projects,” the statement says. Also, it explained that the programme is estimated to create up to 20,000 jobs across manufacturing, assembly, installation and retail over the period.

In his remarks, Ahmad Salihijo, REA’s managing director and chief executive officer described the partnership with NSIA as “exciting”.

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