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UK approves N4.74bn for solar project in Nigeria

naijalog by naijalog
June 13, 2016
in Business
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International Development, has approved N4.74bn (£16.7m) for the development of electricity from solar energy in Nigeria.

According to SolarNigeria, the agency in charge of the programme in Nigeria, the funds from the UK DFID will be used to scale the market for solar home lighting and power across the country through to 2020.

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In a statement issued in Abuja, the agency stated that it was helping capable solar vendors and financiers to rapidly expand their capacity to reach consumers with financed solar solutions, adding that pilot programmes in 2015 provided capacity building grants of £1.5m to 16 companies.

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