The Nigerian off-grid solar market is among the fastest-growing in Africa, increasing at a 22 per cent average annual rate during the past five years, according to a study conducted by Boston Consulting Group and All On, a Shell-funded impact investment company.
It said, “Nigeria’s installed photovoltaic panel per capita amounts to only about 1 watt compared to an average of 8 watts in similar emerging market, indicating a big opportunity for further growth in the country.