October 2, 2022

Bboxx expands into Nigeria to target mass solar-power market – The Africa Report

  • November 10, 2021
  • 2 min read
Bboxx expands into Nigeria to target mass solar-power market – The Africa Report

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By David Whitehouse
Posted on Tuesday, 9 November 2021 15:49
Bboxx’s entry into Nigeria offers the prospect of solar power creating carbon-neutral homes, while reducing fuel bills for cost-conscious households, CEO Mansoor Hamayun tells The Africa Report.

The company supplies pay-as-you-go solar home systems. Nigeria, which is Africa’s largest market for diesel generators, has the potential to become “the world’s largest off-grid market,” Hamayun says in London. Nearly half of the population has no access to electricity, and many of those who do face an “extremely unreliable” grid, he says.
According to the World Bank, lack of reliable power costs Nigeria $26.2bn (about 2% of GDP), per year. In February, the bank approved $500m to support improvements in electricity distribution, including investment in on- and off-grid renewable energy. The World Bank’s involvement is one factor that led Bboxx to enter the market, Hamayun says. “The starting point is great.”
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