Buhari said this during an interview with Bloomberg News, adding that his Government had earmarked 550 million dollars to provide 20,000 Standalone Solar Systems (SHS), as well as Solar Hybrid mini-grids in over 250 locations in the country.
DAILY POST recalls that power outages had become a frequent trend in Nigeria for the past few weeks, following the collapse of the national grid.
The situation had also been compounded with an increase in diesel, an alternative source of energy by most households and production firms, a development that has also resulted in a hike in goods and services.
Speaking on plans to solve the collapse of the national grid, the President said: “We’re also decentralising the national grid through renewable driven mini-grids.
“The 550 million dollar Nigeria Electrification Project has deployed more than 20,000 Standalone Solar Systems (SHS), as well as Solar Hybrid mini-grids in over 250 locations.”
Buhari also added that there were hundreds of ongoing projects and initiatives including the 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 dollar 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
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