CBN solar intervention to domesticate renewable energy technology in Nigeria

 


Nigeria has started the disbursement of a N140 billion intervention facility by the Central Bank of Nigeria (CBN) to domesticate renewable energy technology and leapfrog mini-grid solutions to reduce the gap in the country’s access to electricity.

While the Sustainable Development Goals aimed at universal access to electricity, access rate remained at 60 per cent in Nigeria. Although the situation is fair in the urban areas, less than 41 per cent of rural areas have access to electricity. 


(Business Day)

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