All On Partners with Baobab+ Nigeria for a $2.25 Million Solar Revolution Investment

In a significant move to bolster Nigeria's solar revolution, All On, a leading impact investment firm based in Nigeria, has entered a crucial investment agreement with Baobab Plus Nigeria.

The firm is set to inject a substantial $2.25 million into a credit facility, targeting the deployment of 1,536 solar energy systems throughout Nigeria.

These systems will range in capacity from 600W to 3KW, marking a milestone in the country's renewable energy sector.

Illuminating Communities and Promoting Sustainability

Harnessing the expansive Pay-as-you-Go Agent Network of Baobab+ Nigeria, which covers 21 locations across the Southwest, North Central, and Northwest regions, this collaboration goes beyond just providing light to homes and communities.

All On underscores that this initiative is geared towards empowering communities while championing environmental conservation efforts.

All On's Commitment to Sustainable Energy Solutions

Caroline Eboumbou, the CEO of All On, highlighted the company's unwavering dedication to amplifying energy products and services for marginalized communities in Nigeria.

Eboumbou emphasized the importance of endorsing innovative enterprises like Baobab+, which are instrumental in broadening access to renewable energy.

"Our alliance with Baobab+ epitomizes our commitment to fostering sustainable growth in Nigeria, paving the way for a brighter future for all Nigerians," stated Eboumbou.

Baobab+'s Innovative Financing Strategy

Kolawole Osinowo, CEO of Baobab+ Nigeria, voiced his enthusiasm for the partnership, characterizing the investment as a revolutionary financing strategy.

This approach is designed to empower small and medium-sized enterprises (SMEs) and communities across the nation, enabling Baobab+ to expand its footprint.

Osinowo emphasized that Baobab+'s provision of cost-effective solar systems not only enhances living conditions but also makes a significant contribution to environmental sustainability.

"With the invaluable support from All On, we are poised to make a profound impact on countless lives," Osinowo added.

Penetrating Underserved Communities

This investment is set to propel Baobab+'s PayGo Agent Network into previously untapped regions, focusing on rural, off-grid, and underserved communities.

The user-friendly payment options are meticulously crafted to address the primary cost barriers, ensuring that solar energy solutions are accessible to low-income households.

By aligning with financial capabilities, this strategic initiative aims to make sustainable solar energy solutions a viable option for communities striving for a brighter and more sustainable future.

Joel Omulo / TheFounder