World Bank launches massive solar energy programme in Nigeria
The International Finance Corporation, IFC, a member of the World Bank group in collaboration with the United Kingdom’s Department for International Development (DFID) is facilitating a massive solar energy programme, targeting Small and Medium Scale (SME) businesses across the country.
Under the initiative, the Financial Institution with the DFID would deploy off-grid and embedded solar systems in commercial and industrial sectors in Nigeria.
Providing insight into the project, Country Manager IFC, Eme Essien Lore, at a media briefing yesterday, said a number of financial institutions in Nigeria would be given incentives to provide finances for the programme.
She said studies would be conducted to fully understand the challenges that had stalled similar initiative in the past.
Lore stated that IFC is leading an initiative, creating and facilitating solutions to help increase access to energy at the home and corporate levels in Nigeria.