With a population over 220 million, Nigeria faces significant energy challenges. Up to 90 million individuals currently lack access to reliable electricity. Out of 12.5 GW of installed generation capacity, only approximately 5 GW are available, leaving grid supply inadequate for the country’s growing population and economy.

Unreliable electricity causes annual economic losses of ₦7-10 trillion (~EUR 24.3 billion), equivalent to 5-7% of GDP, and impacts micro-, small-, and medium-sized enterprises (MSMEs) the most. To bridge the gap, businesses and households rely on petrol and diesel-powered generators, costing over four times the average grid tariff of EUR 0.12/kWh.

Immediate action is needed to deploy decentralised renewable energy (DRE) solutions, replacing generators and contributing to universal electrification goals. This requires 6.3 GW of DRE capacity by 2030, electrifying about 1.5 million households annually. Expanding transmission and distribution networks and upgrading centralised generation capacity to 42 GW by 2030 are also part of the concrete actions laid down by the Nigeria Energy Transition Plan.

In this context, GET.invest Nigeria addresses these challenges by building on GET.invest’s Finance Access Advisory, which helps businesses and projects secure financing for renewable energy solutions. Through GET.invest EDGE Finance, the country window fosters domestic investments in renewable energy and supports Nigeria’s transition to a sustainable energy system, improving economic growth and quality of life for millions. Additionally, GET.invest Nigeria provides market intelligence, industry mobilisation and capacity development to enhance local stakeholders’ ability to scale clean energy solutions.