President Muhammadu Buhari on Tuesday said his
administration is decentralising the nation’s national grid through renewable
mini-grids to address the challenges of electricity supply across the country.
Buhari said this during an interview with Bloomberg News,
adding that his Government had earmarked 550 million dollars to provide 20,000
Standalone Solar Systems (SHS), as well as Solar Hybrid mini-grids in over 250
locations in the country.
Recall that power outages had become a frequent trend in
Nigeria for the past few weeks, following the collapse of the national grid.
The situation had also been compounded with an increase in
diesel, an alternative source of energy by most households and production
firms, a development that has also resulted in a hike in goods and services.
Speaking on plans to solve the collapse of the national
grid, the President said: “We’re also decentralising the national grid through
renewable driven mini-grids.
“The 550 million dollar Nigeria Electrification Project has
deployed more than 20,000 Standalone Solar Systems (SHS), as well as Solar
Hybrid mini-grids in over 250 locations.”
Buhari also added that there were hundreds of ongoing
projects and initiatives including the Presidential Power Initiative (PPI), a
government-to-government initiative between the Governments of Nigeria and
Germany, with Siemens AG, to upgrade the electricity grid with a 2 billion
dollar investment.
“Once signed into law the constitutional amendment bill
recently voted through parliament will allow state governments to generate and
transmit their own electricity, further facilitating investor participation in
our market and enabling states and local businesses to transmit excess supply to
the grid,” Buhari said.
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