By Constance Imasuen
The Renewable Energy Association of Nigeria (REAN) has called on the Federal Government to reduce import duty on solar components to attract more usage of solar power.
Mrs Lande Abudu, Executive Secretary of REAN made this call in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
NAN reports that renewable energy is from a source that is not depleted when used, such as wind or solar power.
She said that the current five per cent import duty and five per cent VAT levied on solar components put these products beyond the purchasing capability of many rural dwellers that stand to gain the most from their use.
“ Since the imposition of the combined 10 per cent import charges, investors in the off-grid solar market have recorded a fall in sales growth and market penetration.
“ Value Added Tax (VAT) and import duty on solar technologies significantly inflate end-user…
Source: News Agency of Nigeria