The acting managing director of Nigeria’s Bank of Industry (BoI), Waheed Olagunju, has announced that his institution will provide stand-alone solar systems to 100,000 homes across the country over the next five years.

“The idea is that all our rural communities will take control of their energy needs by paying for only the energy they use,” said Olagunju during a meeting with governor of Ebonyi State. He added that the bank was ready to support the State in the provision of power to the population and creation of jobs.

With a demand of around 12,000 MW, Nigeria has 5,000 MW of installed capacity. However, only half of this is supplied due to vandalism all over the nation.

Gwladys Johnson