Financing Source: Solar Power Naija (SPN)

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Last edited on 15/03/2023 by Kimberly Fahsold
(Date format: DD/MM/YYYY)

Key facts

Initative launched by the Federal Government of Nigeria (FGN) as part of the Economic Sustainability Plan (ESP). Financing facility worth $350 million to provide low interest loans. Targeting businesses which are operating along the domestic solar industry value chain (i.e. manufacturing, repair and manintenance, research and development for solar components, distribution and after-sales support of SHS, engineering of mini-grids, ...) Under the NEP, channeled by REA

Type of financing

• Grant

Technology scope

• SHS
• Minigrid

Target beneficiaries

SME

Geographical scope

Nigeria

Application

Rolling basis

URL

https://nep.rea.gov.ng/federal-governments-5milion-solar-connections-program/

Further information