FG targets N7bn VAT revenue, $10m import substitution with solar power initiative

Solar Connection Intervention Facility

The federal government of Nigeria has launched an initiative as part of the Economic Sustainability Plan (ESP) to achieve the roll out of 5 million new solar-based connections in communities that are not grid connected. The Central Bank of Nigeria (CBN), stated in the released the Framework for Implementation of the Solar Connection Facility that the project is part of efforts by the federal government to support the economic recovery in response to the COVID-19 pandemic. The apex bank stated that the pathways to energy access, financial inclusion and poverty…

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