A Review of the Nigerian Energy Industry

BoI sets up solar power plant for Osun communities

14 October 2015, Abuja – To stem the challenge of rural-urban migration, the Bank of Industry, BoI, has inaugurated a 24 kilowatts (kw) micro-grid solar solution in two Osun communities.

Solar panel harness energy of the sun
Solar panels harness energy from the sun

The move, according to the Managing Director of Bol, Mr. Rasheed Olaoluwa, is in furtherance of the United Nations’ campaign for eco-friendly sources of energy.

With this initiative, Osun State has become the first state to benefit from Bol’s intervention in the provision of renewable energy in South West Nigeria.

The solar electrification project is located at Idi-Ata and Onibambu in Osun State.

Olaoluwa said that rural communities are the worst hit in terms of poor access to electricity, especially the off-grid areas, which have always been without power supply and have resigned their fate to the use of kerosene lanterns, oil lamps, and other types of dangerous sources of light to able to live their daily lives.


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