No More Diesel: FG Launches N100bn Solar Project to Power Public Infrastructure

The Nigerian government has launched the National Public Sector Solarization Initiative (NPSSI), a project worth N100 billion aimed at powering public infrastructure with solar energy. The initiative, introduced through a memorandum of understanding signed by the Ministry of Finance Incorporated (MOFI) and Infrastructure Corporation (InfraCorp), is set to accelerate the installation of solar systems in government buildings, schools, hospitals, and security stations.

The project, supported by federal funding in its initial phase, will later incorporate a blended financing model to attract private investments. The initiative is seen as a crucial step towards Nigeria's transition to clean energy and reducing its reliance on fossil fuels.

Various stakeholders, including the Budget Office and the Rural Electrification Agency, have highlighted the importance of solarization in closing Nigeria's energy gap and improving financial efficiency in the public sector. Additionally, the initiative is expected to create local jobs, promote sustainability, and support Nigeria's ambition to become a hub for renewable energy in Africa.

The partnership between Logistics Limited Electric Distribution.