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FG Increases CBN’s ₦140 Billion Solar Intervention Fund - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFG Increases CBN’s ₦140 Billion Solar Intervention Fund (6401 Views)

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Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by taretoofine(m): 9:04am On Feb 17, 2022
Look for this outcome of this news in 2 years time , you won't see # story Tori#
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by olopan(m): 9:04am On Feb 17, 2022
You've made very valid points, but it's important to note that even with meters some community have zero to little power in weeks because of abysmal grid supply for such solar minigrid is the way to go.

But this is Naija you've got to know someone high up to meet with the job criteria

rottennaija:
These are wrong interventions and maybe they don't have the right idea. The FG needs to provide the interventions in metering. They need allow gprs smart prepared meters into the market by allowing imports of these. If the market is saturated with energy meters and consumers can get them off the shelf, the price will come down and the discos will see money to expand their capacity. The whole value chain in the energy sector benefits.
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by Osanoghodua1: 9:07am On Feb 17, 2022
#2023 you get it?
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by Bernardinho272: 9:19am On Feb 17, 2022
Nice concept. The site really makes sense. They have more features than Nairaland
Marve24742: I like the way the forum makes it easy to link up with other members and make friends
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by rottennaija(m): 9:20am On Feb 17, 2022
olopan:
You've made very valid points, but it's important to note that even with meters some community have zero to little power in weeks because of abysmal grid supply for such solar minigrid is the way to go.

But this is Naija you've got to know someone high up to meet with the job criteria
The communities have zero to no power because discos are not expanding. Discos cannot expand because they don't have the money to, discos cannot even provide the meters to generate the money to expand. The FG should just change their policies. If you check well, discos sell single phase meters at 63k but this meters actually should cost 14k. Sohow many people can afford 63k? But millions can get a 14k meters (or 20k for the gprs meters).

I can confidently tell you that if NERC allows meters to be imported into the country, the price ranges between 14-16k, many people wil buy these meters, install them, estimated billings which people are not happy to pay stops. The discos will see the money to expand, the rural communities will see the energy as they pay what they consume.
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by skywalker240(m): 9:22am On Feb 17, 2022
chiokeman:
Start from northern states and end in northern states
Gbam
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by olopan(m): 9:31am On Feb 17, 2022
I see your angle now and I totally support the idea.
Prepaid meter is the way to go

rottennaija:
The communities have zero to no power because discos are not expanding. Discos cannot expand because they don't have the money to, discos cannot even provide the meters to generate the money to expand. The FG should just change their policies. If you check well, discos sell single phase meters at 63k but this meters actually should cost 14k. Sohow many people can afford 63k? But millions can get a 14k meters (or 20k for the gprs meters).

I can confidently tell you that if NERC allows meters to be imported into the country, the price ranges between 14-16k, many people wil buy these meters, install them, estimated billings which people are not happy to pay stops. The discos will see the money to expand, the rural communities will see the energy as they pay what they consume.
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by rottennaija(m): 9:37am On Feb 17, 2022
olopan:
I see your angle now and I totally support the idea.
Prepaid meter is the way to go
It's the smart thing to do. Imagine if the telecom industry were operating the way discos are operating. For example, if regulations mandated only the telecom companies to supply (either manufacture or import) to Nigerians as Nitel was doing, they would be no growth in the sector. We would still be stuck on gprs era.
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by clothingonline(m): 9:52am On Feb 17, 2022
I need a company that instal solar in home and offices and allow instalment payment
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by Bigchristo: 11:54am On Feb 17, 2022
BrandSpurNG:
https://brandspurng.com/2022/02/16/fg-increases-cbns-140bn-solar-intervention-fund/
Wait how much did Ghana use in fixing stable power supply in their country? They’re here talking trash some Nigerians are buying into it, if the government address power supply why should they spend so much in funding solar projects? Rather than fixing the power supply, discos companies are buying very little power to supply their customer’s or users instead of buying enough
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by ArewaNorth: 2:55pm On Feb 17, 2022
These kind of projects are under Economic Sustainability Program(post COVID-19 stimulus package), under the watch of Osinbajo funded by CBN.
The project cost is more than N3trillion which include housing scheme for the poor (not the one under FMoWH), solar projects and Entrepreneurship support schemes.
All these projects are obviously more on paper than in reality and at the end of this tenure Emifele will destroy the good reputation of VP.
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by ThinkSmarter: 3:20pm On Feb 17, 2022
africanpride1:
cry
Religious fanatics
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by Agbegbaorogboye: 3:51pm On Feb 17, 2022
BrandSpurNG:
https://brandspurng.com/2022/02/16/fg-increases-cbns-140bn-solar-intervention-fund/
This solar intervention, has anyone seen it in Southern part of the country?
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by Coolgent(m): 9:14pm On Feb 17, 2022
Mumusaphire:
Good. But I believe all these projects are audio or only north are benefiting from it.
Tribal bigot,
Shame on you
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by Coolgent(m): 9:18pm On Feb 17, 2022
Agbegbaorogboye:
This solar intervention, has anyone seen it in Southern part of the country?
That money is meant to compensate some APC bigwigs across the 36 states, expect only 10% of its to be utilize in Katsina, Lagos and Ogun state perhaps.
PMB is a curse
Re: FG Increases CBN’s ₦140 Billion Solar Intervention Fund by sonety2k(m): 6:10am On Apr 09, 2022
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