Part 6/9:
As discussions continue about the potential for electricity tariff hikes—led by the government’s aspirations to reduce subsidies—the need for a localized manufacturing sector becomes increasingly evident. Dr. Soliman advocated for the establishment of gigafactories to manufacture solar components locally, which would mitigate the cost volatility stemming from reliance on international imports.
Moreover, there’s a pressing need for synergy between power generators and a strategic expansion of the existing grid to accommodate emerging renewable sources. Initiatives like the Solar Power Nigeria program aim to install millions of solar panels in homes, empowering communities and reducing dependency on traditional energy sources.