Key Developments
Nigeria to Provide Solar Subsidy For Underserved Areas with World Bank Backing
“This initiative aims to improve electricity supply for households and businesses by supporting private sector-led renewable energy projects,” a government spokesperson said.
The project will also provide performance-based grants to qualified mini-grid operators, incentivizing them to connect more customers.
The DARES project builds on Nigeria’s growing commitment to renewable energy. Over the past decade, the country has attracted more than $2 billion in investments for the sector, according to the Rural Electrification Agency.
This initiative comes alongside recent changes to Nigeria’s electricity sector.
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