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Nigeria aims to create N7.5trn solar energy market

…as CBN offers single-digit, long-term loan for solar energy components manufacturers, distributors …Operators excited about intervention, seek clarity on security

The Federal Government of Nigeria, as part of its Economic Sustainability Plan (ESP), aims to achieve the rollout of 5 million new solar-based connections in communities that are not grid-connected, thereby creating a N7.5 trillion annual market opportunity as current penetration is less than 5 percent of total market potential. Under the Solar Connection Scheme,…

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