Finance

Accessing BoI’s 1 Billion Naira Solar Fund for MSMEs

Details: Published: Monday, 08 May 2017 08:41

In a receding economy, funding is hard to come by. Access to finance continues to be a potent factor hindering the growth of renewable energy in Nigeria. Recently, the Bank of Industry announced the release of a billion Naira fund for solar projects for MSMEs. This article beams on some characteristics of the fund.

Energy Finance

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? This article is based on a lecture held at the Lagos Business School by Hans Verolme, international expert specializing on green development solutions, climate and energy.