As a surge in diesel prices to run generators prompts companies to switch to renewable power sources, solar providers in Nigeria are seeking to raise additional funds to expand. With diesel prices having soared 181 percent in Nigeria, solar providers are seeing increasing installations this year. Most firms in Nigeria had previously relied heavily on generators to run everything from factories to offices as the national grid is unable to supply enough electricity. Only about a third of the country’s installed capacity is being dispatched by the grid daily — a fraction of what is needed. The unstable power supply is detracting from Nigeria’s growth potential.
