{"id":361,"date":"2021-04-12T09:14:00","date_gmt":"2021-04-12T09:14:00","guid":{"rendered":"https:\/\/pscsolaruk.com\/blog\/?p=361"},"modified":"2021-04-12T09:14:00","modified_gmt":"2021-04-12T09:14:00","slug":"25-million-nigerians-will-be-expected-to-pay-about-n4000-monthly-over-a-3-year-period-to-benefit-from-the-fgs-solar-power-naija-project","status":"publish","type":"post","link":"https:\/\/pscsolaruk.com\/blog\/25-million-nigerians-will-be-expected-to-pay-about-n4000-monthly-over-a-3-year-period-to-benefit-from-the-fgs-solar-power-naija-project\/","title":{"rendered":"25 million Nigerians to pay N4,000 monthly for solar power system"},"content":{"rendered":"<p>25 million Nigerians will be expected to pay about N4,000 monthly over a 3-year period to benefit from the FG\u2019s <a href=\"https:\/\/pscsolaruk.com\/blog\/the-bright-future-of-solar-energy-in-africa\/\">Solar<\/a> Power Naija project.<\/p><div id=\"pscso-3175039325\" class=\"pscso-content pscso-entity-placement\"><div class=\"pscso-adlabel\">Advertisements<\/div><p><a href=\"https:\/\/pscsolaruk.com\/rfq\/\"><img data-recalc-dims=\"1\" class=\"alignnone wp-image-509 size-full\" src=\"https:\/\/i0.wp.com\/pscsolaruk.com\/blog\/wp-content\/uploads\/2022\/03\/6tp7s.png?resize=710%2C200&#038;ssl=1\" alt=\"\" width=\"710\" height=\"200\" \/><\/a><\/p><\/div>\n<p>The Presidency has disclosed that an estimated 25 million Nigerians that will benefit from the Federal Government\u2019s Solar Home Systems which is expected to commence this week will be expected to pay about N4,000 monthly over a 3-year period.<\/p>\n<p>According\u00a0<a href=\"https:\/\/www.nannews.ng\/25m-nigerians-to-own-5m-solar-systems-at-n4000-monthly-presidency\/\">to a report by<\/a>\u00a0the News Agency of Nigeria (NAN), this disclosure was made by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, through a statement on Sunday titled\u00a0<em>\u201c25m Nigerians to own 5m solar systems at N4, 000 monthly.\u201d<\/em><\/p><div id=\"pscso-456747786\" class=\"pscso-content_2 pscso-entity-placement\"><div class=\"pscso-adlabel\">Advertisements<\/div><p><a href=\"https:\/\/pscsolaruk.com\/rfq\/\"><img data-recalc-dims=\"1\" class=\"alignnone wp-image-509 size-full\" src=\"https:\/\/i0.wp.com\/pscsolaruk.com\/blog\/wp-content\/uploads\/2022\/03\/6tp7s.png?resize=710%2C200&#038;ssl=1\" alt=\"\" width=\"710\" height=\"200\" \/><\/a><\/p><\/div>\n<p>While giving further insight into earlier reports that the Federal Government will from next week commence the process of installation of 5 million solar-home systems in underserved and off-grid communities across the country, Akande said the solar programme nicknamed Solar Power Naija, whose installations would start in December, is being implemented by the Rural Electrification Agency.<\/p>\n<p>The Presidential media aide who pointed out that the programme was designed to boost ongoing efforts to fix Nigeria\u2019s energy supply challenge, also said that priority would be given to Nigerians residing in rural areas and urban settlements either under-served or cut off the national grid.<\/p><div id=\"pscso-1397120957\" class=\"pscso-content-3 pscso-entity-placement\"><div class=\"pscso-adlabel\">Advertisements<\/div><p><a href=\"https:\/\/pscsolaruk.com\/rfq\/\"><img data-recalc-dims=\"1\" class=\"alignnone wp-image-509 size-full\" src=\"https:\/\/i0.wp.com\/pscsolaruk.com\/blog\/wp-content\/uploads\/2022\/03\/6tp7s.png?resize=710%2C200&#038;ssl=1\" alt=\"\" width=\"710\" height=\"200\" \/><\/a><\/p><\/div>\n<p>He said an important aspect of this scheme is the option of outright ownership by beneficiaries at a cost ranging from N1, 500 per week to N4, 000 per month depending on the capacities for the 3 years.<\/p>\n<p>He noted that that the arrangement allows as many as 25 million Nigerians to own personal solar systems in their homes.<\/p><div id=\"pscso-2819983740\" class=\"pscso-cybertron pscso-entity-placement\"><div class=\"pscso-adlabel\">Advertisements<\/div><script type=\"text\/javascript\"><!--\r\nzone = \"30\";\r\npl = \"2226\";\r\nurl = \"https:\/\/cybertronads.com\/platform\";\r\n\/\/--><\/script>\r\n<script type=\"text\/javascript\" src=\"https:\/\/cybertronads.com\/platform\/show.js\"><\/script>\r\n<\/div>\n<p>He added that, as indicated in the Economic Sustainability Plan, the 5 million connections initiative is a private sector-led electricity access acceleration scheme to be facilitated by a low-cost loan facility from the Central Bank of Nigeria and implemented by REA.<\/p>\n<p>Akande said, \u201c<em>The programme will include the assembly or manufacturing of components of off-grid solutions to facilitate the growth of the local manufacturing industry. In view of the scale of materials required, solar equipment manufacturers\/assemblers will be incentivised to set up facilities in Nigeria, thereby offering additional job opportunities to Nigerians.\u2019\u2019<\/em><\/p>\n<p><em>\u201cIn addition, installation, servicing, and payment collections are expected to provide thousands of other jobs. In all, at least 250, 000 jobs will be created.<\/em><\/p>\n<p><strong>Optics<\/strong>: If religiously implemented, this will help provide affordable energy to the under-served Nigerians in rural areas with the objective of improving social, economic, and environmental welfare of 25 million Nigerians while generating jobs, increasing revenues, and import substitution.<\/p>\n<p>However, the fear is whether this will go the same way as other government\u2019s programmes or initiatives in the past.<\/p>\n<p><strong>Explore Data on the\u00a0<a href=\"https:\/\/nairalytics.com\/\">Nairametrics Research Website<\/a><\/strong><\/p>\n<div id=\"pscso-3982161626\" class=\"pscso-after-content pscso-entity-placement\"><div class=\"pscso-adlabel\">Advertisements<\/div><iframe src=\"https:\/\/cybertronads.com\/platform\/show.php?z=29&pl=806\" width=\"728\" height=\"90\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\r\n<\/div><div id=\"pscso-383236894\" class=\"pscso-rfq pscso-entity-placement\"><div class=\"pscso-adlabel\">Advertisements<\/div><p><a href=\"https:\/\/pscsolaruk.com\/rfq\/\"><img data-recalc-dims=\"1\" class=\"alignnone wp-image-509 size-full\" src=\"https:\/\/i0.wp.com\/pscsolaruk.com\/blog\/wp-content\/uploads\/2022\/03\/6tp7s.png?resize=710%2C200&#038;ssl=1\" alt=\"\" width=\"710\" height=\"200\" \/><\/a><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>25 million Nigerians will be expected to pay about N4,000 monthly over a 3-year period to benefit from the FG\u2019s Solar Power Naija project. The Presidency has disclosed that an&hellip; <\/p>\n","protected":false},"author":2,"featured_media":362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[5,6],"tags":[32,34,35,36,37,39,55],"class_list":["post-361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-solar","tag-mpp-solar","tag-news","tag-nigeria","tag-nigeria-solar","tag-power-in-nigeria","tag-renewable-energy-in-nigeria","tag-solar-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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