FG Revisits $1bn Solar Power Investment

Federal Government says it has arranged a meeting for a proposed $1billion investment in solar power.
The proposed project, which is expected to generate 10,000MW, has been stalled since 2016, and expected to yield results of the planned investment by 2023, according to the government.
Disclosing this via his Twitter handle yesterday, the Special Adviser to President Mohammadu Buhari on Infrastructure, Ahmad Zakari, said the projects are expected to be a game-changer in Nigerian electricity production.
Zakari explained that the Presidency would continue to work on emergency measures to stabilise power.
“The Ministry of Finance and Power has structured a meeting for $1bn investment for 1000MW of solar stalled since 2016 and we expect some on grid by 2023.
“The projects range from 50MW to 100MW across Sokoto, Kano, Jigawa, Nasarawa, Abuja, and Bauchi. Some of these states will be joining the league of states with on-grid power plants for the first time. These 1GW of solar projects will be a game-changer and a harbinger for more projects”, he said.
The comments came barely three weeks after the national grid collapsed, leading to nationwide blackouts.