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FG includes solar panels, batteries, others in revised pioneer status law

Nigeria’s power minister, Mr. Babatunde Fashola, has disclosed that the federal government has included in the new Pioneer Status Law it recently passed, tax rebates for manufacturers of solar panels, batteries, solar home systems, light emitting diodes, and other components that support solar energy production, OGN reports.

Fashola, told an audience at a renewable energy meeting organized by Africa Today Magazine in Abuja, that the Pioneer Status law was expanded to include these new entrants as part of the Economic Recovery and Growth Plan (ERGP) the country launched to regrow its economy from recession.

“As a conscious measure to incentivize developers, the national policy for pioneer status has been revised by the ministry of industry, trade and investment and approved by the Federal Executive Council to include solar panels, solar home systems, light emitting diodes, batteries other components that support solar systems which can be manufactured in Nigeria,” he said.

The post FG includes solar panels, batteries, others in revised pioneer status law appeared first on Energy News | Oil and Gas News.



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FG includes solar panels, batteries, others in revised pioneer status law

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