By Obas Esiedesa
VICE PRESIDENT Yemi Osinbajo on Thursday launched an ambitious programme by the Federal to supply electricity to 25 million Nigerians through Solar Home System, SMS.
The Solar Power Naija Programme plans to roll out five new connections in off-grid communities across the country.
Speaking at the launch of the 100,000 Solar Home System in Jangefe community, Kazuare Emirate, Jigawa State, Prof. Osinbajo said government was determined to bring power to unserved communities as part of the Nigerian Economic Sustainability Plan of the President Muhammdu Buhari’s administration.
He explained that the project which would be financed by a N140 billion fund would be paid for by the beneficiaries.
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James Emejo aggregates analystsâ perspectives on Nigeriaâs recent exit from recession and concludes that more efforts are required by the fiscal and monetary authorities to strengthen recovery in subsequent quarters
Perhaps, it was no music to the ears to many when the countryâs economic managers projected last year that the countryâs second consecutive economic recession which happened in the third quarter, would be short-lived.
This is understandably so because the slow progress in getting out vaccines that could put an end to the COVID-19 pandemic, which had ravaged the global economic landscape among other things.
The economy slipped into a recession in November last year when growth contracted for the second consecutive quarters by 3.62 per cent in Q3 and previously grew by-6.10 per cent in Q2.