Presentation by the Rural Electrification Agency.

Nigeria is the biggest and most attractive off-grid opportunity in Africa, and one of the best locations in the world for mini-grids and solar home systems.

The Opportunity

• Nigeria has the largest economy in Sub-Saharan Africa (GDP of $405 billion), has 180 million people, and a flourishing economy (CAGR of 15% since 2000).
• A significant amount of the economy is powered largely by small-scale generators (10–15 GW) and almost 50% of the population have limited or no access to the grid.
• As a result Nigerians and their businesses spend almost $14 billion (₦ 5 trillion) annually on inefficient generation that is expensive ($0.40/kWh or ₦140/kWh or more), of poor quality, noisy, and polluting.
• Developing off-grid alternatives to complement the grid creates a $9.2B/year (₦3.2T/year) market opportunity for mini-grids and solar home systems that will save $4.4B/year(₦1.5T/year) for Nigerian homes and businesses.
• There is a large potential for scaling—installing 10,000 mini-grids of 100 kW each can occur by 2023 and only meet 30% of anticipated demand.
• Getting off-grid solutions to scale and commercial viability in Nigeria will unlock an enormous market opportunity in Sub-Saharan Africa across 350 million people in countries with smaller demand and/or less-robust economies.
• The Rural Electrification Agency (REA), tasked with developing the Nigerian off-grid power market, has created the Off-Grid Electrification Strategy which is part of the Power Sector Recovery Program (PSRP).

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