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Agro Integrated Facility (AIF): NOMAP Welcomes Partnership with Mini-Grid Developers in Nigeria

Agro Integrated Facility (AIF): NOMAP Welcomes Partnership with Mini-Grid Developers in Nigeria

The AIF’s objective is to finance innovative approaches and business models that integrate rural electrification through solar mini-grids with the provision of services that improve the agriculture value chain and livelihoods in rural communities. Under the AIF, NOMAP will provide a debt facility (through an SEC licensed fund manager) to three mini-grid developers for the deployment of agro-integrated services in mini-grid powered rural communities. It will closely monitor the types of business models deployed and their impact on the mini-grid utilisation and viability, the agro value chain, and the rural economy with an emphasis on improved livelihoods and job creation for women and youth.

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