To support the economic recovery in response to the COVID-19 pandemic, the Federal Government of Nigeria (FGN) launched an initiative as part of the Economic Sustainability Plan (ESP) to achieve the roll out of 5 million new solar-based connections in communities that are not grid connected. This programme is expected to generate an additional N7 billion increase in tax revenues per annum and $10 million in annual import substitution
The Solar Connection Intervention Facility will complement the Federal government’s effort of providing affordable electricity to underserved rural communities through the provision of long term low interest credit facilities to the Nigeria Electrification Program(NEP) pre-qualified home solar value chain players that include manufacturers and assemblers of solar components and off-grid energy retailers in the country.
The Solar Power Naija objectives are to:
I. Expand energy access to 25 million individuals (5 million new connections) through the provision of Solar Home Systems (SHS) or connection to a mini grid;
II. Increase local content in the off-grid solar value chain and facilitating the growth of the local manufacturing industry.
III. Incentivize the creation of 250,000 new jobs in the energy sector.
UPSTREAM PARTICIPANTS
Companies engaged in:
- Manufacturing of solar components and Balance of System
- Establishment/expansion/upgrade of solar manufacturing facilities
- Assembling of solar components and Balance of System
- Repair and maintenance of solar home systems and mini grid equipment
- Solar component Research and Development (R&D)
- Any other off-grid solar value chain activity as may be prescribed by CBN
Please Apply Here
DOWNSTREAM PARTICIPANTS
Companies involved in:
- Distribution and after-sales support of Solar Home Systems (SHS)
- Mini grid project development activities including site identification and assessment, design and planning as well as customer acquisition
- Engineering, procurement and/or construction of Mini grids
- Any other retail-based off-grid solar value chain activity as may be prescribed by CBN
Please Apply Here
Framework for Implementation of the Solar Connection Facility
The Central Bank of Nigeria (CBN) hereby introduce the Solar Connection Intervention Facility to complement the Federal government’s effort of providing affordable electricity to rural dwellers through the provision of long term low interest credit facilities to the Nigeria Electrification Program (NEP) pre-qualified home solar value chain players that include manufacturers and assemblers of solar components and off-grid energy retailers in the country
Click here to read/ download the Central Bank Framework for Implementation of the Solar Connection Facility
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