We need more power and we need it immediately, in Nigeria we would need about $15.6billion to provide stable electricity in the country as stated by the President of the Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare. I think not, Nigeria is plagued with deep seeded roots in corruption largely due to the poor economical management of our government meaning that this fund may not prove beneficial and now that technological advancement like solar cells have come thus making life a lot easier for the people and driving economical activities as we know electricity is what does this the Nigerian customs service came to impose 5-10 percent import duty on solar panels an action largely agreed is terrible I believe that instead of having a centralized inefficient energy system like we have now, a distributed system could be much more effective and solar panels would be the best way to go about this, take for instance the $15.6billion was used to aid the Nigerian solar industry...people could buy solar panels on loans and sell the excess energy back to the grid and from there supply those that may not be able to afford panels which sadly is a huge number of the Nigerian population Decentralization is undoubtedly the way forward for future societies.
Right now Nigerians use loud gasoline generators are used to mitigate the energy deficiencies causing noise and air pollution in the process solar panels are undoubtedly the way to move forward one would then wonder why exactly the Nigerian custom services is trying to achieve
Speaking at a press conference in Lagos Wednesday, Segun Adaju, President of REAN, said there was no justification for the duty on the strength that under the CET code 8541.4010.00 – a classification for import duty tariff – import duty on solar panels should be zero per cent. Mr. Adaju said discharge of goods from the ports has been slowed down immensely and demurrage charges have risen for his members since the beginning of the year. He explained that this development would affect Nigeria’s quest to improve the ease of doing business and deepen energy access for people with inadequate access to power. As concerned Nigerians and sector participants, the members of REAN have answered the National call by providing solutions to the country’s epileptic power situation and our members currently provide over 10,000 direct & indirect jobs to the Nigerian economy. This is apart from the other benefits like increased disposable incomes, improved environmental conditions (like reduced noise and air pollution due to displacement of diesel generators). The imposition of arbitrary port charges will accelerate value destruction within this industry and will cause prices to rise to uncompetitive levels. All over the world, the cost of solar panels is falling leading to increased adoption of renewables. Paris-based International Energy Association said that renewables accounted for almost two-thirds of net new power capacity around the world in 2016, with almost 165 gigawatts (GW) coming online boosted by solar.”
stating that the duty is counterproductive, the REAN president said the country stands to lose out on the development because Nigeria currently does not have capacity to manufacture solar panels but does limited assembly in volumes that cannot meet market demand hence its recourse to importation while growing capacity locally.
solar panel will only be in demand if the world would ran out of oil.
no.. its economically feasible already nearly everywhere at the world, especially in Africa, where you offset small petrol / diesel gen sets, the payback time is between 2 to 4 years.. just counting the fuel consumption and investing not only in PV panels but also in batteries and electrics...
solar power rules!!
Great post yemi, Nigerians should prostest the tax.. really makes no sense at all.. usaly things like that only happen if solar and wind reach 5% of total electricity output.... then the power monopolist goes to the government telling them some BS and the BS tax is the result... this happened everywhere all over the world...
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Agree @solarwarrior
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Wao such a nice step I slute your president
No the state-owned electricity company there?
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Great idea! Solar power and crypto power is the future :D
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Hello, my name is Muhammad Sagir Muhammad, a Diploma Graduate of Electrical Electronic Engineering, currently an undergraduate student of computer science, I’m from Adamawa State, the North Eastern part Nigeria that was affected by terrorist activities in the last three to four years back. My state or region (North East) have suffered allot from the terrorist (Boko Haram) activities. Which have cause a major drawn back in the region especially economic activities. State that falls within the domain of this region are now facing difficulties in running the government day to day activities leaving it with no option than to wait for government intervention. The worst part of is; the government (Federal Government) itself cannot or do have fund enough to help the region. Many countries and international organization including the European Union and the United Nation have help in many ways and they still are. But there is still something left, the education sector as number of dropout from is so alarming due to fund or financial problem and this where my project starts.
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Keep up the good work @yemi90210. I am working to introduce a decentralized system in Malaysia. When ready, I hope it may be ported over to your community in Nigeria too. 😉