Industry insights

In view of the unabating challenges in the nation’s power sector, the Federal Government has been advised to embrace a newly launched solar solution – ‘solarkiosk’ to bridge the gap of power generation and distribution.

The federal government has launched the $200 million Nigeria Electrification Project (NEP) to provide off-grid energy to over 500,000 people across 105,000 households in rural communities across the country.

In view of the unabating challenges in the nation’s power sector, the Federal Government has been advised to embrace a newly launched solar solution – ‘solarkiosk’ to bridge the gap of power generation and distribution.

The World Bank has approved Nigeria's request for a $3billion loan for the expansion of the transmission and distribution networks in the power sector. 

Nigeria's Vice President, Yemi Osinbajo, has commissioned the country's first 2.8MW solar hybrid power project at Alex Ekwueme Federal University, Ndufu-Alike Ikwo in Ebonyi State.

The global craze for renewable energy has offered jobless Nigerian youths alternative employment as solar energy panel installation gains ground.

Microsoft, through its 4Afrika initiative, has entered into a partnership with ICE Commercial Power, a Nigerian-based renewable energy provider, to provide reliable solar power to 10,000 Small and Medium Enterprises (SMEs) across Nigeria for the next two years.

Schneider Electric recently signed an agreement with EM-ONE Energy Solutions, an engineering firm in Nigeria, with the aim of creating an industry ecosystem based on renewable energy-centered minigrids built or operated by community stakeholders.

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on Monday unfolded the policy direction of his new five years tenure, promising to facilitate access to financial services to 95 per cent eligible Nigerians by 2024.

Nigerian distributed utility company, Arnergy, raises $9 Million in a Series A round of funding.

22 - 24 September 2020