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Nigerian MSME Access to Energy

Published by

Global-Innovation

Global-Innovation Exchange

Nigerian MSME Access to Energy

Nigeria

Promote productive use of energy through affordable solar energy access to 1000 startup businesses in Nigeria by year 2020.

Scaling

1 - 6 months

$18,500.00

Last update: October 05, 2023

OverviewContributors

Challenge

The problem of unreliable and expensive power supply which remains prominent and endemic, affecting the majority of Small and medium-sized Enterprises (SMEs) in all districts of the states in Nigeria. For fact, reliance on gasoline generator and its attendant high cost of operation lead to the failure of many of these businesses and causes low return on investment for those with forbearance to survive among them.

Description

Provision of affordable and reliable electricity to MSMEs through productive use of solar energy by designing and constructing innovative solar powered MSME (Micro Small Medium Enterprise) stations, followed by delivering consumer education on productive use of energy opportunities to start-ups and established businesses, facilitate access to efficient and high-quality end-use equipment, and improved access to long-term credit to purchase the system on a lease-to-own model.

SDGs

Climate ActionDecent Work and Economic GrowthAffordable and Clean EnergyGender EqualityNo Poverty

Outcomes

  1. Promoted the productive use of solar energy among MSMEs.

  2. Provided affordable solar energy solutions to 1000 MSMEs in Nigeria.

  3. Facilitated consumer education on productive use of energy and access to finance.

  4. Improved quality and diversity of services and products, consequently increasing profitability and income generation.

  5. Contributed to the reduction of carbon emissions and noise pollution.