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moves money TechCabal September 28, 2026

Nigeria can build solar power plants, but funding remains elusive

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Nigeria has demonstrated that distributed renewable energy can successfully expand electricity access beyond the national grid. Through the Nigeria Electrification Project (NEP), private developers built 180 solar hybrid mini-grids across 23 states, connecting over 146,000 households and deploying 19.2MW of renewable capacity. However, the fundamental challenge is no longer technical viability—it is securing sustainable, scalable financing.

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