Department for International Development, DFID, has approved N4.74billion for the development of electricity from solar energy in Nigeria. DFID, a United Kingdom international development agency, leads the UK’s work to end extreme poverty, building a safer, healthier, more prosperous world firmly in the UK’s national interest.
Solar Nigeria, the agency in charge of the program in Nigeria, said the funds will be used to scale the market for solar home lighting and power across the country through to 2020.
According to a statement issued in Abuja by the agency, the project is helping capable solar vendors and financiers to rapidly increase their capacity to reach consumers with financed solar solutions, adding that earlier pilot programs in 2015 provided capacity building grants of $1.5million to 16 companies.
“In 2016, a financing pilot will provide $0.5million in grants to mobilise the provision of commercial finance into the value chain for household scale solar light and power systems.”
“A number of deposit money banks, micro-finance banks and solar pay-as-you-go specialists will be invited to apply. The agency further stated that about 49,000 homes across the country had acquired solar lighting and power systems within three months this year.”
On the significance of the solar development programme, the head of consumer markets for Solar Nigeria, Leigh Vial, said, ‘’millions of Nigerian households could today save money while enjoying bright light and clean power using solar instead of kerosene lanterns and small generators.’’
He also stated that more than 14,000 of the homes benefitting from the programme were in Nigeria’s northern states, where grid deficiencies and the need for reliable power were the most acute.

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