FG Ramps Up Disbursement of CBN’s N140bn Solar Intervention Fund

The federal government is ramping up the disbursement of the N140 billion solar intervention fund, a facility by the Central Bank of Nigeria (CBN) to close the huge energy gap, especially in Nigeria’s rural communities.

In the last quarter of 2020, the CBN had introduced the fund that would offer obligors access to a credit facility that would not exceed a maximum of N500 million, with the aim of providing affordable mini-grid solutions to rural dwellers.

The apex bank posited that… read more

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