InfraCredit has been featured by the World Economic Forum (WEF) as a case study solution in its community paper on ‘Mobilising Investments for Clean Energy in Nigeria’.
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Here’s how Nigeria is tackling the barriers to its green energy transition
According to the International Energy Agency, over 140 million people do not have access to energy in Nigeria, about 71% of the country’s population
Read MoreBuhari signs amended constitution to allow states generate, transmit electricity
The President, Major General Muhammadu Buhari (retd), has signed into law the constitutional amendment allowing states in the country to licence, generate, transmit, and distribute electricity. This was made known in a tweet by the presidential media spokesperson, Tolu Ogunlesi, on Friday. He tweeted, “President #MBuhari has signed 16 constitution amendment bills into law. By...
Read MorePower: World Bank deploys 100 solar grids in Nigeria
The World Bank has said that it has deployed 100 solar-powered mini-grids in Nigeria under its National Electrification Project, adding that its market-driven approach has expedited the process. The bank disclosed this in a statement yesterday, and added that powering 380 million people in Africa by 2030 would require the construction of more than 160,000...
Read MoreUEF Launches Solar Power Grant To Connect 3,500 Nigerian Businesses
The Universal Energy Facility (UEF) – a results-based financing facility managed by Sustainable Energy for All – has launched a grant scheme for companies to install 3,500 connections for businesses, clinics and schools across Nigeria.
Read MoreOver 100,000 people to get electricity through mini-grid – Minister
The Federal Government has said that more than 100,000 people will be provided electricity under the Nigerian Energy Support Programme (NESP) through the Mini-grid Acceleration Scheme (MAS). Minister of Power, Mr Abubakar Aliyu, said this at the third Edition of the Civil Society Roundtable with Stakeholders in the Power sector on Thursday, December 8, 2022,...
Read MoreThe Nigeria Rural Electrification Agency (REA) and CarbonAi Sign MOU to Develop Rural Solar Energy Projects
Calgary and Dubai-based greenhouse gas (GHG) reduction project developer will work with the Rural Electrification Agency to finance and develop solar mini-grid projects in underserved communities in Nigeria. CarbonAi Inc. (CarbonAi) is proud to announce that it has signed a memorandum of understanding (MOU) with the Rural Electrification Agency (REA) of Nigeria to identify and...
Read MoreSolar demand set to soar in 2023
Solar is likely to be fastest growing energy sub segment in 2023 with demand set to increase 20-30%, according to Bloomberg Intelligence. Bloomberg Intelligence sees growth in solar demand surpassing 20% in 2023-25 with industry-wide revenue for the companies in BI’s global solar theme basket on track to exceed $220bn in 2023.
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