Fri. May 24th, 2024

$24.5 Billion Grant For Nigeria Start-ups With Technology Fix For Power Shortage.

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Are you a Nigerian startup that has a technology driven solution to provide electricity and end energy problem?

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Can you develop market-based technologies and business models that accelerate access to clean, modern and affordable energy in Africa, Asia and the Indo Pacific regions. There is a whooping $24.5 billion grant available to startups that can deliver effectively on this project.

Application for pitch which closes by 10th August would require potential Nigerian in­novators to partner with a UK innovator to submit pitches.

The programme, will also leverage financial and advisory support, build strategic partnerships and uncover new insights to provide energy solutions to improve lives.

Simon Ighofose, CEO, PyroGenesys, a waste to renewable energy and biofuel company, said, Nigeria’s mini-grid market is worth $9bn or N3.2 trillion being the largest mini-grid market in the world.

Citing a survey by the Afri­can Development Bank (AfDB), Ighofose said, “51 percent of the Nigerian population live in ru­ral areas far from the national grid. This means there are over a 80million people in Nigeria’s rural areas without access to power.

“Development of off-grid alternatives to complement the grid creates a $9bn (N3.2tr) yearly market opportunity for mini-grids.”

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