Federal Government has launched the National public sector solarization initiative, an intervention to accelerate deployment of solar energy solutions across Nigeria’s public sector institutions including schools, hospitals, security posts, government offices among others.
This follows a memorandum of understanding signed between Rural Electrification Agency REA with the Budget Office of the Federation, Infrastructure Corporation of Nigeria InfraCorp, and the Ministry of Finance Incorporated, MOFI.
REA, in a statement says the initiative was birthed from a strategic national priority with the urgent need to power critical infrastructure with clean, reliable energy, while moving away from diesel dependence and reducing the public sector’s carbon footprint.
The intervention also aims to advance the nation’s drive for localized renewable energy infrastructure and reverse unsustainable energy financing mechanisms
Phase zero of the intervention is fully funded by the Federal Government to the tune of one hundred billion naira, while subsequent phases will harness innovative and blended financing models, leveraging private capital from both local and international long-term funders.