Nigeria's Solar Panel Imports Drop to N92 Billion, Shift Towards Domestic Manufacturing

The Nigerian economy sees a decline in solar panel imports to N92 billion in Q3, emphasizing the need to end reliance on imports. The REA, under the leadership of Abba Aliyu, is spearheading initiatives to promote domestic manufacturing of renewable energy equipment, particularly in Lagos.

Plans include establishing a 10-megawatt PV panel manufacturing plant in Lagos, with a potential capacity increase to 100 megawatts. Uchenna Nnaji highlights the country's capability to produce solar panels, supported by initiatives like the Green World Lithium battery assembly plant.

Efforts align with the government's push for self-sufficiency and industrial growth in the renewable energy sector.