Nigeria’s peculiar challenges with inadequate electricity supplies to a good number of its citizens have led investors and operators to develop and adopt resourcefully tailored business models and renewable technologies to drive up access to electricity in the country, chief executive officer of All On, Dr. Wiebe Boer, has disclosed.

Boer, said in the African Business Magazine, that the development of the new model and technologies indicated that with the right financing, regulation, and consumer aspiration, the country’s off grid power sector was at a tipping point. He explained Nigeria still had lots of structural barriers to providing access to electricity for about 120 million people who currently lack electricity.

Boer explained the access-to-energy challenge in Nigeria required a combination of both the traditional large-scale power generation approaches and distributed power innovations that are smaller scale, lower cost, and quicker to market, to be addressed.

He noted that while the government had put in place an attractive regulatory environment and was supporting the growth of the off-grid energy sector through the Rural Electrification Agency (REA), there still remained major barriers for deployment of access to energy in the country. Boer listed the inconsistency to include import duties, the lack of mobile money penetration, and financing.

Source: OGN