The Solar Power Naija Program (SPN) Now Live on Odyssey
Odyssey’s partnership with Rural Electrification Agency of Nigeria (REA) to host Solar Power Naija on the platform is a huge advancement in our mission to unlock capital for the distributed energy sector.
In response to the COVID-19 pandemic emergency, the Federal Government of Nigeria has launched an initiative as part of the Economic Sustainability Plan to achieve the roll out of 5 million new solar-based connections in communities that are not grid connected.
This program is expected to generate an additional 7 billion increase in tax revenues per annum and $10 million in annual import substitution. The Solar Connection Intervention Facility will complement the Federal government’s effort of providing affordable electricity to underserved rural communities.
The ambitious 5 million Solar Power Naija program is a Federal government initiative whose objectives are to:
- Expand energy access to 25 million individuals (5 million new connections) through the provision of solar home systems (SHS) or connection to a mini grid;
- Increase local content in the off-grid solar value chain and facilitate the growth of the local manufacturing industry;
- Incentivize the creation of 250,000 new jobs in the energy sector.
Learn more about the Solar Power Naija Program on this page.
You can see all financing programs on this page on Odyssey.