Browsing: Bank of Industry

“Government is committed to the scheme. Our miners cannot achieve much as long as they rely on shovel and digger for their work. We also know that modern equipment are quite costly. So, government would make arrangements with financial institutions and some operators to make the equipment available for leasing.”

The BoI has engaged into an agreement with the Gombe state government that is worth N360 million for the deployment of pay-as-you-go solar home systems in selected rural communities within the state.

Under the stand-alone solar systems model, users are required to purchase electricity vouchers through a wireless mobile technology from a local vendor employed the project developer within the community, which will be used to recharge the pre-paid meters provided in each home.