Six communities to benefit from BOI’s renewable energy project


    In a bid to leverage on the abundant renewable energy resources in Nigeria, the Bank of Industry (BOI) has begun off-grid solar electrification scheme in six communities in the country.

    The project is in collaboration with the United Nations Development Programme (UNDP), aimed at breaking the jinx of incessant power outages and prove that indeed Nigeria can source its power from other natural courses.

    The BoI/UNDP solar energy programme, which is being implemented in partnership with GVE Project Limited and Arnergy Solar Limited commenced the off-grid solar electrification pilot projects in 2015.

    Coming as a pilot scheme, the projects were deployed in one community in each of the six geopolitical zones to demonstrate the viability of the solar electrification projects, subsequently partnering with various investors, other corporate and community based organizations, state governments with a view to replicating same in other off-grid communities in the country.

    Some of the beneficiaries of the pilot project involving the provision of long-term financing for the installation of micro-grid and stand-alone solar solutions to rural communities include: Charwa/Chakun in Makarfi LGA, Bisanti, in Katcha LGA of Niger State, Onibambu in Ife-North LGA of Osun State, Ogbekpen, Ikpoba, in Okha LGA of Edo State, Onono, Anambra West LGA, of Anambra State and Kaltungo LGA of Gombe State.

    BOI Acting Managing Director, Waheed Olagunju explained that it was in a bid to address the power supply deficit that the BoI in collaboration with the UNDP embarked on the implementation of solar electrification projects in the nation’s rural communities who are the most vulnerable segments of the society.

    He said the deployment of the solar solutions had boosted business activities in the affected rural communities.