Nigeria’s Solar Panel Imports Drops to N92bn in Q3

Nigeria imported a total of N334.68bn worth of solar panels in the third quarter of 2025, analysis of the foreign trade report released by the National Bureau of Statistics (NBS) has shown.

The report stated that N125.29bn of the product was imported in Q1 but dropped to N117.39bn in Q2 and N92bn in Q3.

It would be recalled that the Federal Government has maintained the need to end the importation of photovoltaic solar panels into Nigeria.

The Managing Director/Chief Executive Officer of the Rural Electrification Agency, Abba Aliyu, stated this during a roundtable held in Victoria Island between the REA and the Lagos State Government.

The REA and Lagos State Government were in Lagos to sign a Memorandum of Understanding for the electrification of rural communities in Lagos.

According to Aliyu, efforts are ongoing to change the narrative and domesticate the manufacturing of renewable equipment in the country.

He said he believed that Lagos, being the centre of excellence, is going to lead that domestication drive.

“Over N200bn has been spent on the importation of PV panels into the country in the first quarter of 2025. While there is a need for that importation, one of the key things our agency is striving for is domesticating the manufacturing of this renewable equipment. Lagos, being the centre of excellence, is going to lead a total war in that domestication,” he said.

To this end, he said the agency has already crystallised the emergence of PV panel manufacturing plants in Lagos.

“There was a PV panel manufacturing assembly plant in Ikotun, Lagos. They started with 10 megawatts, but with the collaboration with REA, they have moved and increased their capacity to an additional 100 megawatts,” he said.

The REA boss also hinted that the agency is in the process of signing a joint development agreement with Green World for a lithium battery assembly plant in Lagos.