Nigeria’s dream of renewable energy revolution (2)

renewable energy
IN a sense, and as in the case of petrol, countries that do not have as much sunshine as Africa are already ‘selling sunshine’ to Nigeria through photovoltaic solar panels and other renewable energy equipment.

In February 2018, the Nigeria Customs Service arbitrarily imposed a five per cent duty and five per cent VAT on solar panels coming into Nigeria, triggering protests from the Renewable Energy Association of Nigeria, REAN, a private sector renewable energy interest group.

Already, batteries needed for storage of solar energy are suffering a 20 per cent duty. Yet, solar panels are supposed to be exempted from duties, according to Nigeria’s Harmonised Systems Codes classification. These duties hiked the cost of solar equipment, resulting in the closure of many solar…

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