The Federal Government has concluded plans to provide solar home systems to no fewer than five million households in the next year.
President Muhammadu Buhari disclosed this on Monday at the first-year Ministerial Performance Review Retreat held at the Presidential Villa in Abuja.
The President, who was represented at the event by the Vice President, Professor Yemi Osinbajo, said, that the government has already begun the process of providing financing support for manufacturers and retailers of Off-Grid Solar Home Systems and Mini-Grids, who are to provide the systems, through the Central Bank of Nigeria (CBN).
He believes the five million systems under the ESP’s Solar Power Strategy will produce 250,000 jobs and impact up to 25 million beneficiaries through the installation.
President Buhari explained that this would translate into more Nigerians having access to electricity via a reliable and sustainable solar system.
He stated that the support to solar home system manufacturers and the bulk procurement of local meters would create over 300,000 local jobs while setting Nigeria on a path to full electrification.