Renewable energy: firm wants tax wavers on imports
An Abuja-based renewable energy company, Blue Camel Energy, has called on the Nigerian government to remove import duties on equipment procured for solar installations in the country to reduce cost.
Chief Executive Officer of the company, Mr. Yusuf Suleiman, made the call in Abuja at an exhibition organized by Heinrich Boll Stiftung to showcase achievements in renewable technology in Nigeria.
Yusuf said if the Nigerian government can provide access to funding, technical training, removal of customs duties on equipment procured for renewable energy, the price of solar energy in the country would crash by 50 per cent and become more affordable to Nigerians.
He wandered why government was still collecting 20 per cent tax on battery when the country is having serious energy crisis and suggested that the product be brought to zero duty so that the total cost of solar installation can drop.
He also decried the non-availability of consumer financing to procure rooftop solar energy for domestic use as the problem was encouraging continues use of generators and environmentally unfriendly power sources.
According to him, installation of solar energy was the quicker way out of the energy quagmire the country is currently undergoing, adding that one million rooftop solar systems would produce about six thousand megawatts of electricity, more than what the country is currently generating.
Yusuf disclosed that about six kilowatts of electricity was installed by his company to consumers daily and patronage surged by 50 per cent as soon as fuel crisis started. He said his company was currently having a shortfall of technical manpower to meet customers’ demands.
While disclosing that a single rooftop installation with a lifespan of 25 years goes for about N2.5 Million, he enumerated the benefits of adopting the technology, stating that it would add to direct employment.