Regulatory Alerts2020-09-14 | DFD/DIR/GEN/ODB/09/093Solar Connnection Facility Guidelines
The Central Bank of Nigeria (CBN) introduces the Solar Connection Intervention Facility to improve energy access, financial inclusion, and poverty reduction. This initiative aims to provide long-term, low-interest credit to manufacturers, assemblers, and retailers of solar components and off-grid energy solutions in Nigeria. The program offers term loans and working capital facilities with specific eligibility criteria, prohibited activities, and application procedures for upstream and downstream participants. The CBN will monitor and evaluate the implementation of the scheme, ensuring proper utilization of funds and compliance with terms and conditions.
Tags
monetary
credit
operational