To support the economic recovery in response to the COVID-19 pandemic, the Federal Government of Nigeria (FGN) has 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 program 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 5Million Solar Power Naija is a Federal government initiative whose 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
  • Assembly 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 and 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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