The Federal Government has reiterated its commitment to ending the importation of photovoltaic (PV) solar panels, which has so far cost the nation over N200 billion.
Speaking at a roundtable event with the Lagos State Government on Monday in Victoria Island, the Managing Director/CEO of the Rural Electrification Agency (REA), Abba Aliyu, emphasized the need to localize the production of renewable energy equipment.
Aliyu stated that efforts are ongoing to shift towards domestic manufacturing, with Lagos expected to lead this transition. He noted that a solar panel assembly plant in Ikotun, Lagos, initially producing 10 megawatts, has now expanded to 100 megawatts in partnership with the REA.
He also revealed that the agency is finalizing a joint development agreement with Green World for a $150 million lithium battery assembly plant in Lagos.
Meanwhile, the Minister of Science and Technology, Uche Nnaji, affirmed the Federal Government’s readiness to support local solar panel manufacturing and restrict imports, citing Nigeria’s existing production capabilities through NASENI and private investors.
However, the Renewable Energy Association of Nigeria (REAN) has expressed concern, warning that banning solar imports without first strengthening local manufacturing could harm the growing renewable energy sector. According to REAN, solar energy is vital for powering homes, schools, hospitals, and businesses, especially in underserved communities.
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