Under Construction
Country Sector Sovereign / Non-Sovereign Title Commitment in UA Status Signature Date
Multinational Power Sovereign Multinational - Nigeria-Niger-Benin-Burkina Faso Power Interconnection Project 36,500,000 Implementation
Djibouti Power Sovereign Djibouti – Geothermal Exploration Project in the Lake Assal Region 10,740,000 Implementation
Multinational Power Sovereign Multinational - Projet d’interconnexion électrique Cameroun- Tchad (composante Tchad) 27,500,000 Implementation
Madagascar Power Sovereign Madagascar - Etude de faisabilité du projet de renforcement et d'interconnexion des réseaux de transport d'énergie électrique 1,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Mali Power Sovereign Mali - Mini Hydropower Plants and Related Distribution Networks Development Project (PDM-Hydro) 20,000,000 Implementation

NEWS

NSIA To Provide $24m for Solar Power Naija Programme

CategoryStories
CountryNigeria
TagsRenewable Energy

The NSIA has provided $24 million in financing for the Solar Power Naija Programme.

The funds will enable the assembly and deployment of 200,000 SHSs.

The Solar Naija Project is part of the FG’s economic sustainability plan.

The Nigeria Sovereign Investment Authority (NSIA) is set to finance the assembly and deployment of 200,000 solar home systems (SHS) across the country. The sovereign wealth manager will provide $24 million (₦10 billion) under the “Solar power Naija” programme. NSIA will partner with the Rural Electrification Agency (REA) to deploy the solutions. The Nigerian Ministry of Power will provide technical and advisory support to NSIA in this process.

The Solar Power Naija program is an initiative of the Federal government that aims to provide energy access to 5 million households, or 25 million Nigerians in rural areas and underserved urban areas. The program also aims to create about 20,000 manufacturing, assembly, and installation jobs, leading to the deployment of over 500,000 SHS by 2023.