Electricity: Nigerians To Pay N4,000 Monthly For Solar System – Presidency

 

 25million Nigerians are estimated to benefit from the solar power programme.

In a statement on Sunday, Senior Special Assistant on Media and Publicity to Vice-President Yemi Osinbajo, Laolu Akande, said the beneficiaries of the power programme, tagged Solar Power Naija, are expected to pay N4,000 monthly over a period of three years.

“An important aspect of the scheme is the option of outright ownership by beneficiaries at a cost ranging from N1,500 per week to N4,000 monthly depending on the capacities, for a period of three years,” Akande said.

The Federal Government had previously announced that it would commence the installation of the N140 billion solar project for 5 million households in “underserved and rural communities” from the first week of December.

The government noted that the initiative is a continuation of coordinated implementation of the Economic Sustainability Plan (ESP) of the President Muhammadu Buhari administration.

The initiative is implemented by the Rural Electrification Agency (REA).