BOI Sets Up Solar Power Plants In Osun Communities


The Bank of Industry (BoI) has inaugurated a 24 kilowatts (kw) micro-grid solar solution in two Osun communities.

The move, according to the Managing Director of BoI, Mr. Rasheed Olaoluwa, is in furtherance of the United Nations’ campaign for eco-friendly sources of energy.

The initiative makes Osun State the first state to benefit from BoI’s intervention in the provision of renewable energy in South West Nigeria.

The solar electrification project is located at Idi-Ata and Onibambu in Osun State.

According to Olaoluwa, rural communities are the worst hit in terms of poor access to electricity, especially the off-grid areas, which have always been without power supply and have resigned their fate to the use of kerosene lanterns, oil lamps, and other types of dangerous sources of light to able to live their daily lives. The initiative is therefore expected to address this and encourage more people to remain in rural areas as urban areas are getting congested.