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Energy Finance

Many local providers of Stand Alone Solutions, such as SME solar solutions and solar home systems, have had their fare share of difficulty in gaining access to finance. Reportedly, this is due to the low investment appeal of these particularly small-sized projects to energy financiers, banks and other providers of capital. This article highlights “scale” as a major challenge hindering access to finance, while also…

    Energy Mix

    From choosing between coal, gas and renewables for Nigeria’s energy mix; to decentralising the electricity grid and relaxing regulations, Mr. Adetayo Adegbemle, the Executive Director of PowerUp Nigeria, shares radical ideas for solving Nigeria’s power crisis. His primary premise is: “if we have been following conventional approaches for over 50 years now, and they haven’t helped much, then we need to reconsider our choices.”

      Gas

      Nigeria ranks as one of the world’s biggest gas flare countries; flaring hundreds of billion scf of natural gas each year, and losing billions of dollars’ worth of economic potential to gas flaring. Launched in late 2016, the National Gas Flare Commercialisation Programme seeks to reverse this trend by ending gas flaring by 2020. What actions are proposed by the Programme and what policy provisions…

        Energy Finance

        If renewable energy must become mainstream in Nigeria, local developers must have access to innovative sources of finance. Information about these sources is therefore critical. Courtesy of Africa-EU RECP, we present over 20 funding sources, all in one place – ranging from equity, to debt and several forms of mixed-instrument financing – with information on offering size, investment type, funding requirements, and contact details for…

          Coal

          Nigeria needs a power revolution, but where will the electricity come from? The energy sources in the country are many, including fossil materials such as oil, gas and coal – but renewable energy sources such as solar, wind and biomass are equally available in abundance. Christine K of the Heinrich Boell Foundation in Abuja lists facts and arguments. In August 2014, Nigeria’s government declared that…

            Renewables

            Efe, a professional barber from Lagos, has expanded his business by about 40 per cent after installing his own solar panels. He is even starting a second barbing saloon in another part of town. Find out how he was able to do it in this short video.


              Nigeria‘s population of about 170 million people share 4,000 Megawatt of electricity between them. That amounts to about 3 light bulbs per person. However, Nigeria sees itself as a future world economic power. So how is Nigeria going to power its envisaged economic growth? What is Nigeria’s energy future?

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              ABOUT US

              This web portal is the online presence of the Alliance on Nigeria's Energy Future, a discussion platform aimed at broadening knowledge of, and deepening public dialogue on, the possibilities of leapfrogging into a cleaner energy future in Nigeria. The Alliance aims to provide information and insights, and organise exchange of views between citizens, politicians, private sector, experts and civil society organizations on the various options for a sustainable future energy mix for Nigeria. Hosted by the Nigerian Economic Summit Group (NESG), this website is facilitated by the Heinrich Böll Foundation, in partnership with other member-organisations of the Alliance.

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