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Nigerian Solar: The Path to Bankability

At the recent One Planet Summit, the African Development Bank’s president Akinwumi Adesina stated that renewable energy, particularly solar power, is the key to driving economic development in Africa and combating climate change. And given Nigeria is Africa’s most populous nation (around 200 million) and largest economy, it has caught the attention of the global solar industry.

According to Power Africa (the USAID-funded energy initiative), around 95 million Nigerians have no access to electricity. This unmet demand, combined with Nigeria having one of the highest levels of solar irradiance in West Africa, makes the country an attractive proposition for local and international solar investment.

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