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Oriental News Nigeria
Home»Energy»USADF Announces Investment Support Opportunities For Nigerian Energy Developers
Energy

USADF Announces Investment Support Opportunities For Nigerian Energy Developers

By Orientalnews StaffJanuary 18, 2018No Comments1 Min Read
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Gerard Izuora 

Nigerian energy developers have been offered fresh opportunities by the

US African Development Foundation (USADF), along side other partners to apply for the Off-Grid Energy Challenge.

The Challenge is aimed at identifying innovative off-grid solutions to ‘power up’ underserved areas in Nigeria and will provide awards of up to $100,000 per enterprise.

Applicants should be developing, scaling up or extending energy technologies to off-grid areas of Nigeria.

To be considered for the Challenge, applicants must be 100 per cent African-owned, majority Nigerian-owned and managed private companies registered in Nigeria, and must be operating in Nigeria.

In a statement the USADF said: “Over the next three years, both parties (USAFD and All On) will jointly provide funding to Nigerian small and medium enterprises that improve energy access through off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies.”

The winners will have near-term solutions to power the needs of productive and commercial activities, including agriculture production and processing, off-farm businesses, and commercial enterprise

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Orientalnews Staff

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