JUST IN: Presidency allocates ₦10bn for solar, ditches national grid, reason, other details emerge

• The Presidency has allocated ₦10bn successful the 2025 fund for a star mini-grid astatine the Villa, ending reliance connected AEDC powerfulness supply
• The determination follows soaring energy tariffs and the State House’s rising vigor bills and unsettled debts with AEDC
• The task is portion of a broader propulsion to chopped costs, guarantee reliable power, and beforehand cleanable vigor astatine the spot of government

State House, Abuja - The Nigerian Presidency has made a decisive displacement from the nationalist powerfulness grid by allocating ₦10 cardinal for the installation of a star mini-grid strategy astatine the Presidential Villa, according to details from the 2025 approved national budget.

This development, which marks a strategical interruption from reliance connected the Abuja Electricity Distribution Company (AEDC), comes amidst surging energy tariffs and concerns implicit mounting debts and powerfulness proviso instability astatine the nation’s spot of power.

In a large vigor shift, the presidency has acceptable speech ₦10 cardinal to power from the nationalist grid to star power. Photo credit: @officialABAT
Source: Twitter

Solar task drives ₦10bn fund increase

The full allocation for the State House Headquarters roseate from ₦47.11 cardinal successful the projected fund to ₦57.11 cardinal successful the approved version.

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A reappraisal of the superior expenditure shows that the ₦10 cardinal summation is wholly tied to the task titled “Solarisation of the Villa with Solar Mini Grid”.

An authoritative acquainted with the matter, speaking connected information of anonymity, said the determination was not conscionable astir energy independency but besides “a measurement towards cutting semipermanent costs and ensuring reliable powerfulness proviso for delicate authorities operations.”

Mounting energy costs and debts punctual action

The determination comes successful the aftermath of a steep emergence successful energy tariffs for Band A consumers, which includes the State House, Punch reported.

In April 2024, tariffs jumped from ₦68/kWh to ₦225/kWh, aboriginal adjusted to ₦209.5/kWh, putting important fiscal unit connected federal authorities institutions.

Records from GovSpend, a national expenditure tracking platform, amusement the State House spent ₦483.34 cardinal connected energy successful 2024, a 40% summation from the erstwhile year.

Despite making monthly payments, the presidency was forced to marque a lump-sum colony of ₦316.88 cardinal successful October to wide accumulated arrears.

A elder fund authoritative told reporters:

“With the mode tariffs are rising and the hazard of disconnection becoming a recurring threat, star is present some a cost-saving and strategical alternative.”

Reconciliation of AEDC Debt, But Challenges Remain

Earlier successful 2024, the AEDC publically listed the Presidential Villa among its apical authorities debtors with an outstanding measure of ₦923.87 million, Vanguard reported.

Following reconciliation, the fig was revised to ₦342.35 million, and President Bola Tinubu reportedly ordered contiguous outgo to forestall disconnection.

While this settled the short-term crisis, the incidental underscored long-standing structural issues with the government’s vigor management.

2025 fund suggests reduced dependence connected grid power

The presidency has opted for star powerfulness implicit the nationalist grid, approving a ₦10 cardinal fund for the transition. Photo credit: Pius Utomi Ekpei
Source: Getty Images

Despite precocious 2024 expenditure, lone ₦311.09 cardinal has been earmarked for energy nether the 2025 budget.

This crisp simplification indicates an expected driblet successful reliance connected the grid erstwhile the star mini-grid becomes operational.

Tinubu returns to Nigeria aft 19 days abroad

Previously, Legit.ng reported that President Bola Tinubu would instrumentality to Nigeria today, Monday, April 21.

This update was fixed by Bayo Onanuga, 1 of the statesmanlike spokespersons.

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Source: Legit.ng