Subsidy Removal: FG Provides Solar Alternative Power To Nigerians.

Solar Panels Feeding A Community.

Key Takeaways:

1. The Rural Electrification Agency (REA) is implementing the Energizing Economies Initiative (EEI) project to provide clean solar energy and reduce the use of petrol-powered generators.
2. The EEI project has reached the Ayegbaju International Market in Osogbo, where the construction of a solar system is almost complete.
3. REA will collaborate with developers, the Osun State Government, and the market association to sustain and scale up the project.
4. The EEI project aims to bring electricity access to unserved and underserved areas, with 148 sites already audited by REA.
5. Lessons learned from previous phases will be used as a model for future collaborative projects with state governments and Electricity Distribution Companies (DisCos).
6. Multilateral agreements will be signed between state governments or DisCos, developers, REA, and market associations to ensure the long-term viability of the projects.
7. The EEI projects will reduce businesses' reliance on petrol generators and increase the use of renewable energy sources, providing relief to market businesses.

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The Federal Government, through the Rural Electrification Agency (REA), is providing solar energy alternatives to Nigerians to mitigate the impact of subsidy removal. The Energizing Economies Initiative (EEI) project aims to deliver clean solar energy to unserved areas and reduce the use of petrol-powered generators. 

The construction of a solar system at Ayegbaju Market in Osogbo is almost complete, targeting a power generation of 30kwp. The pilot phase involves testing the solar power in 48 shops, with plans to expand it to all shops. Market leaders and shop owners are interested in this alternative power source. 

REA will collaborate with developers, the Osun State Government, and the market association to sustain and scale up the project. Over 148 sites have been audited, and support from partners like E-guide and Rockefeller Foundation will enhance the EEI project. The initiative will serve as a model for future collaborative projects with state governments and Electricity Distribution Companies (DisCos). 

Once construction is complete, multilateral agreements will be signed to ensure the project's long-term viability and energy access to markets. These projects will provide relief to businesses by reducing dependence on petrol generators and increasing the use of renewable energy sources.

By

Staff Writer.