$4 Million Investment in Solar Mini-Grids for Nigeria

The Federal Government of Nigeria has received a boost in its renewable energy initiative with a $4 million investment for the development and deployment of solar-powered mini-grids in 19 communities located in Jigawa and Bauchi states. This investment is part of the Energy Transition and Investment Plans (ETIP), which aims to shift Nigeria towards clean energy and is projected to save $686.8 billion in fuel costs by 2060, contingent upon infrastructure delivery.

The investment was made by All On and Energise Africa under the Demand Aggregation for Renewable energy Technology (DART) Programme, with the goal of impacting 100,000 individuals and fostering local enterprise development. Caroline Eboumbou, CEO of All On, stated that the project will provide reliable electricity to homes, schools, health facilities, and small businesses, thereby enhancing economic and social activities.

Ray Coyle, CEO of Energise Africa, emphasized the long-term social, economic, and environmental benefits of this initiative. The Federal Government has also established a Renewable Asset Management Company (RAMCO) to support clean energy alternatives.