The implementation of the Nigeria-DARES project would see solar mini-grid companies enjoy between $400 and $600 on each mini-grid they build.
The Distributed Access through Renewable Energy Scale-up (Nigeria-DARES) is a $750 million World Bank funded project which targets the provision of electricity for 17.5 million Nigerians through clean energy.
In an appearance on BusinessDay TV, Oluwatobi Soyombo, the chief growth officer for Havenhill Synergy, explained the performance-based grant component of the program.