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Text Content

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 * ABOUT US
 * INVESTMENT APPROACH
 * FUNDS
 * SUSTAINABILITY
 * TEAM
 * PROCUREMENT
 * CONTACT

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 * ABOUT US
 * INVESTMENT APPROACH
 * FUNDS
 * SUSTAINABILITY
 * TEAM
 * PROCUREMENT
 * CONTACT

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 * ABOUT US
 * INVESTMENT APPROACH
 * FUNDS
 * SUSTAINABILITY
 * TEAM
 * PROCUREMENT
 * CONTACT

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 * ABOUT US
 * INVESTMENT APPROACH
 * FUNDS
 * SUSTAINABILITY
 * TEAM
 * PROCUREMENT
 * CONTACT

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CLEAN ENERGY


MARKET GAP

Nigeria is now the country with the largest number of people without energy
access in the world – over 85m or 43%. This number has been growing due to
population expansion. Sustainable Development Goal 7 (clean energy access) will
not be globally achieved without significant progress in Nigeria.


85M



People living without access to power in Nigeria




184M



People population of Nigeria




$14BN



Spent by Nigerian Businesses on fossil fuel generators



Nigeria is currently the largest economy in Sub-Saharan Africa (GDP of $405
billion) with a population of about 184 million people. The electricity demand
(industrial and domestic) is estimated to be about 180,000 Mega Watts (MW). The
country however only has an installed capacity of 11,000MW, 8,000MW of which is
operational. Out of the available capacity Nigeria generates between 3,000MW to
4,500 MW due to constraints such as unavailability of gas, water shortages and
droughts. 

The power challenges facing the populace has resulted in increased cost of
production, stagnation of businesses and redundancy of workers. A major segment
of the Nigerian industrial hubs is powered by generating sets which make use of
gasoline, diesel, natural gas or hydrogen. Over the years, the use of generators
has resulted in inefficient electricity generation, with over $14billion spent
by Nigerian businesses on an annual basis, as well as increasing carbon
emissions and pollution of the environment.


$9.2BN



Off grid market opportunity


MARKET OPPORTUNITY

The development of off-grid alternatives such as mini-grids and solar systems,
used efficiently, would create a $9.2 billion market opportunity and would
potentially help Nigeria save c.$4.4billion per annum, in addition to reducing
carbon emissions and environmental degradation.

In collaboration with our development partners we are developing a clean energy
fund with a mission to confront climate change by accelerating the flow of
private capital in domestic currency into energy projects and climate-smart
technologies that facilitate Nigeria’s energy transition towards clean energy
sources and energy efficiency that reduce carbon emissions and achieve less
expensive, more reliable sources of energy while creating jobs and supporting
local economic growth.

A local currency fund dedicated to clean energy projects will act as a catalyst
for private sector participation in climate and sustainable infrastructure
finance by attracting investments from pension funds, insurance firms and other
long-term institutional investors into eligible climate change adaptation
projects linked to National Determined Contributions (NDCs), deepening the local
capital markets with a new climate-compliant infrastructure asset and
facilitating access to long term local currency.

Our aim is to mobilise blended finance to attract private investments that will
support the country in delivering a more ambitious Paris aligned NDCs

For more information: Visit website



AFFORDABLE HOUSING

Nigeria’s population is forecast to grow at 2.6% per annum. As the population
growth rate increases…

Learn more


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CONTACT DETAILS

 * 6th Floor Landmark Towers,
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   Victoria Island, Lagos
 * +234 01-4545361
   info@fundco.ng



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