Electricity: Solar energy now attractive to investors in Nigeria – FG

The Nigerian authorities has said mini-grid star vigor is accelerated becoming much charismatic to investors successful the country.

Speaking successful Lagos on Friday, Abba Aliyu, Managing Director of the Rural Electrification Agency, said mini-grids present contiguous a viable commercialized exemplary for energy delivery.

According to him, star vigor is present susceptible of de-risking Nigeria’s powerfulness assemblage and attracting monolithic backstage capital.

He argued that the existent translation of Nigeria’s powerfulness assemblage lies successful shifting nationalist resources distant from subsidizing systemic inefficiencies to backstage assemblage involvement.

He noted that star vigor initiatives by the national authorities person helped chopped down connected $14 cardinal spent annually by Nigerian businesses connected self-generated electricity.

“Too often, mini-grids are viewed lone arsenic agrarian electrification initiatives,” helium stated.

“In reality, they correspond a caller commercialized exemplary for energy delivery,” helium added.

Electricity: Solar vigor present charismatic to investors successful Nigeria – FG