Nigerian businesses turn to solar as diesel costs bite
13 Jul 2022

Nigeria’s solar companies are seeing a surge in demand for mini-grids and equipment as businesses in Africa’s biggest oil producer look for alternative power sources after the cost of diesel soared locally due to rising global oil prices.

Supply constraints could, however, hamper their ability to capitalize on the trend, with some saying they have begun to turn away customers because they are unable to meet demand.

Nigeria, Africa’s largest economy with a population of more than 200 million people, has installed electricity capacity of 12,500 megawatts but the national grid only provides 4,000 MW at peak, leaving businesses and citizens heavily reliant on diesel-powered generators.

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