Investor Presentaiton
ENABLING ENVIRONMENT
Government, donor partners, and the private sector are actively working together
in Nigeria to create enabling conditions for successful minigrid development
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Nigeria is providing an enabling environment for off-grid market growth, including:
Developer protection through the NERC Minigrid Regulations.
An innovative and best practice site-selection process to de-risk projects has already
identified over 200 promising sites.
The selection process has also screened for baseload demand (e.g., schools),
population/energy density and productive use.
Partnering with World Bank to line up finance, streamline competitive tendering, and to
provide technical assistance.
The government and development partners are inviting the private sector to work with
them to capture this opportunity, while saving Nigerians money and powering economic
development to further expand the market.
With an enabling environment, continued cost reductions, and targeted finance, the
Nigerian minigrid market can scale rapidly to over 10,000 sites by 2023, powering 14% of
the population with capacity up to 3,000 MW and creating an investment potential of
nearly $20 billion (N7 trillion) and annual revenue opportunity exceeding $3 billion (#1
trillion).
RURAL ELECTRIFICATION AGENCY
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