Video.

GREAT NEWS ON THE ECONOMIC SUSTAINABILITY PLAN’S 5M SOLAR POWER PROGRAMME.

FG has adopted a solar strategy for the electrification of 5million households, serving about 25million Nigerians in rural areas and under-served urban communities.
#SolarPowerNaija

The Rural Electrification Agency have been mandated by the @NigeriaGov to help in activating an economic sustainability plan (ESP) programme designed to impact the lives of Nigerians, post-COVID. Anticipate 01.12.2020. #ESPinAction. #SolarPowerNaija

“I take this opportunity to encourage the private sector to be proactive in leading the charge against recession and poverty in our country. The Federal Government is not under any illusion that it can do this on its own” – Vice President Prof Yemi Osinbajo
#SolarPowerNaija

5 Million Households, 25 Million Nigerians. 250, 000 new jobs. Increased local content. Bouncing Back, POST-COVID. Anticipate 01:12:20
4 MAIN Intervention Measures.
#SolarPowerNaija #ESPinAction.

Concessionary Debt Funding - Provides access to affordable financing and upfront working capital to enable scale.
Access to CBN Debt Window - Removes uncertainty related to currency risk by Access to CBN Debt Window .
#SolarPowerNaija #ESPinAction.

Removes uncertainty related to currency risk by effectively enabling resource allocation.
Import Duty Exemptions - Reduces COGs and increases affordability to end user; Incentivizes market players to participate.
#SolarPowerNaija #ESPinAction.

Grants/Subsidies - Increases affordability to end-user; Incentivizes market players to participate.