FG reveals plans to suspend the ban on solar panel imports

• The Nigerian authorities has backtracked connected the planned prohibition connected star sheet imports
• The managing manager and main enforcement of the Rural Electrification Agency (REA), Abba Aliyu, said the argumentation is not immediate
• He disclosed that the determination volition lone travel into effect erstwhile Nigeria becomes self-reliant successful star sheet manufacturing

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Nigerian authorities has said that the plan to ban the import of photovoltaic star panels successful Nigeria volition nary longer beryllium immediate.

Abba Aliyu, the managing manager and main enforcement of the Rural Electrification Agency (REA), said the authorities is not reasoning of banning star sheet imports immediately.

FG explains the crushed for suspending plans to prohibition star sheet imports. Credit: Picture Alliance/Contributor
Source: TikTok

Nigeria begins star sheet manufacturing

He said that contempt Nigeria starting star sheet production, the capableness falls beneath the country’s requirements and needs to beryllium scaled up to amended powerfulness procreation and execute cosmopolitan access. 

Legit.ng earlier reported that the Minister of Science and Technology, Uche Nnaji, disclosed that Nigeria was mulling a prohibition connected star imports to promote section manufacturing.

The curate stressed Nigeria’s capableness to nutrient star panels via the National Agency for Science and Engineering Infrastructure (NASENI),

According to Nnaji, NASENI has a mill and has begun producing star panels, and different individuals are besides producing the panels.

He said Nigeria needs to spell done Presidential Executive Order No. 5 and halt star sheet imports to enactment section industries.

REA brag said Nigerians imported N200bn worthy of PVs

However, astatine a caller circular table, the REA brag highlighted ongoing efforts to alteration the presumption quo and domesticate renewable instrumentality manufacturing successful Nigeria.

Aliyu disclosed that implicit N200 cardinal has been spent connected importing star panels into Nigeria. 

He said that portion determination is simply a request for imports, 1 captious happening REA is doing is encouraging home manufacturing of the renewable equipment.

Punch reports that Aliyu clarified that comments to prohibition imports did not mean the argumentation would instrumentality contiguous effect.

He stressed that the prohibition would not beryllium implemented unless Nigeria’s accumulation capableness increases to conscionable section request for star panels.

He said:

“We are not banning star importation for now. We are incentivising our section manufacturing for america to instrumentality over. But for now, we cannot code the needs of the country.

He said REA has adjacent to 600mw capableness of star sheet manufacturing and is moving to catalyse the concern successful a Lithium artillery assembly works successful Lagos.

FG moves to empower women with N5 billion

The REA CEO said talks are ongoing with an lipid and state steadfast to physique a 14-stage manufacturing of lithium batteries.

The improvement comes arsenic the Nigerian government, via the Nigerian Consumer Credit Corporation (CREDITCORP), has launched a N5 billion cleanable energy strategy to supply affordable entree to star location systems for Nigerian women successful each the 774 section authorities areas nationwide.

FG provides N5 cardinal to airy up women-owned homes and businesses with solar. Credit: NurPhoto/Contributor
Source: Getty Images

CreditCorp’s Managing Director, Uzoma Nwagba, disclosed that the recognition would beryllium disbursed nether the Credit Access for Light and Mobility (CALM) Fund.

The strategy allows women to powerfulness homes, businesses

Nwagba said the strategy seeks to make sustainable and inclusive backing opportunities, allowing women to powerfulness their homes and tiny businesses with cleanable and reliable power.

According to the CreditCorp boss, the inaugural provides a pathway for women to earn, save, and physique a verifiable recognition history.

He stated that the CreditCorp ngo is to alteration implicit 35,000 civilian servants to entree wide recognition and enactment life-changing products specified arsenic mobility solutions and cleanable energy.

“We’re expanding entree to integer devices, location improvements, and micro machinery. This is however user recognition should work, unlocking mundane possibilities for amended living,” helium said.

CreditCorp opens exertion to get loans for star power

Legit.ng earlier reported that the Nigerian Consumer Credit Corporation (CreditCorp) has opened applications for the CALM Fund, which provides user recognition to assistance Nigerians entree CNG conversions and star location systems via spouse fiscal institutions.

Dada Olusegun, peculiar adjunct to President Bola Tinubu connected societal media, announced this connected Monday, October 28, 2024, asking Nigerians to leverage the initiative.

Olusegun said Nigerians seeking to person their cars oregon physique star systems to powerfulness their homes can use utilizing the nexus provided.

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Source: Legit.ng