" Federal Govt Supporting Private Developers To Provide Electricity - Yemi Osinbajo Says - Flavourway

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Friday, April 16, 2021

Federal Govt Supporting Private Developers To Provide Electricity - Yemi Osinbajo Says

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The Federal Government is currently supporting private developers to provide electricity through solar energy, the Vice President, Prof. Yemi Osinbajo, has said. He disclosed this in a statement issued in Abuja by the Head, Communications and Public Relations, Niger Delta Power Holding Company, Olufunke Nwankwo.

The NDPHC said Osinbajo spoke at the recent inauguration of the 100,000 Solar Home System in Jangefe community, Kazuare Emirate, Jigawa State.

The vp stated government was determined to convey strength to un-served communities as a part of the Nigerian Economic Sustainability Plan.

He become quoted as announcing, “The President’s vision round that plan was that in preference to have situations in which people lose jobs and possibilities, we should take the opportunities of COVID-19 to create greater jobs.

“So the president authorised that we ought to do these five million sun domestic connections throughout the usa, which would mean that 25 million Nigerians could have electricity.”

Osinbajo defined that the N140bn finance programme would help personal developers to provide energy to the families.
The statement read in element, “The vice president careworn that the initiative is a partnership programme with the non-public area riding the connections, supported through concessionaire lending by using the Central Bank of Nigeria and business banks.

He said the NDPHC had been an essential catalyst for off-grid sun structures, as the company turned into the primary to inaugurate the a hundred,000 systems in numerous states of the federation.

The Managing Director, NDPHC, Chiedu Ugbo, stated the employer had already provided 20,000 devices of solar home systems to households throughout the united states of america.

“The 20,000 gadgets are running right now after which the government asked us to do some other five million sun connections, so one can include sun domestic structures and mini-grid, off-grid solutions,” he stated.

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