President Muhammadu Buhari said that the Federal Government has commenced the decentralization of the national grid to tackle the challenges of power supply across the country.
The President, who stated this during an interview with Bloomberg News, made it known that the federal government had set aside $550 million for the provision of 20,000 Standalone Solar Systems (SHS) and Solar Hybrid mini-grids in at least 250 locations across Nigeria.
Buhari added that the government had commenced hundreds of projects and initiatives attracting funds from local and foreign investors on the power grid.
Nigeria’s national grid has collapsed no fewer than four times this year, leaving many parts of the country in a blackout.
Buhari said: “We are also decentralizing the national grid through renewable-driven mini-grids.
“The $550 million Nigeria Electrification Project has deployed more than 20,000 Standalone Solar Systems (SHS), as well as Solar Hybrid mini-grids in over 250 locations.
“Take my 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 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.”
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