Real reason why CPPE helmsman warned against Nigeria’s plan to ban solar panel importation

By Dr Muda Yusuf

Although the plan by Federal Government,
towards industrialisation is a commendable step, but the leadership of Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has warned against rush to ban importation of solar panels amidst inadequate home made ones.

When he gave the warning ahead of the implementation of the plan, Yusuf is apparently trying to remind them that though the highest calling of leadership still remain good governance, but such steps should not be taken at the detriment of suffering masses.

He expressed concerns over the Nigerian government’s plan to ban the importation of solar panels, citing potential negative impacts on the country’s energy crisis and economy.

The CPPE helmsman noted that Nigeria’s current domestic production capacity is insufficient to meet demand, which could worsen the energy crisis.

“A ban on imports would make solar energy solutions prohibitively expensive for average Nigerians, exacerbating energy access issues.

“The welfare cost of a ban would be high due to increased costs of acquiring solar solutions, which could harm the economy.” Dr Yusuf argued.

The CPPE suggests a gradual transition to domestic production, ensuring adequate local capacity to fill supply-demand gaps.

The centre urged the government to support investors in solar panel production with incentives like tax breaks, tariff concessions, and concessionary financing.

Cutting import duties on batteries, inverters, and wind turbines to 5% could improve energy access, security, and productivity.

The CPPE emphasizes the need for rigorous empirical studies to determine domestic demand, capacity, and implications for the wider economy before making any policy decisions.

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