- The Green Finance Investment Facility launches to mobilise $188 million for distributed renewable energy projects across Nigeria.
- The blended finance platform targets 191MW of solar capacity and aims to unlock long-term private investment for Nigeria’s clean energy transition.
The Green Finance Investment Facility has officially launched to mobilise large-scale private and institutional investment into distributed renewable energy infrastructure across Nigeria.
Barton Heyman Limited leads the initiative in partnership with the Rural Electrification Agency, UK PACT, First City Monument Bank, and ARM Harith Infrastructure Investment Limited. The partners aim to raise $188 million to finance 191 megawatts of distributed solar capacity for homes, communities, and businesses nationwide.
The facility also supports the Distributed Access through Renewable Energy Scale-Up programme, which focuses on expanding electricity access through decentralised renewable energy systems. Stakeholders launched the platform in Lagos on May 7, 2026, bringing together financial institutions, renewable energy developers, policymakers, and development finance organisations.
Olumide Lala described the facility as a market-driven financing model designed to unlock private capital at scale. He said the initiative supports more than one million Nigerians and serves as the first step toward raising $40 billion to finance 20 gigawatts of distributed renewable energy.
Similarly, Anthony Feyitimi emphasised that reliable distributed power would strengthen businesses, supply chains, and communities. He noted that the blended finance structure combines sovereign pipelines, results-based funding, and commercial capital into a scalable investment platform.
Abba Aliyu said the initiative directly addresses financing barriers that continue to slow renewable energy deployment in Nigeria. He added that the partnership would improve electricity access for underserved communities and strengthen the country’s energy future.
Speaking for FCMB, George Ogbonnaya highlighted the bank’s growing renewable energy portfolio. He disclosed that FCMB has committed ₦100 billion in debt financing for the DARES programme, funded more than 42 mini-grid projects, and supported efforts to connect over two million households.
Derek Chime called for stronger collaboration across the energy ecosystem to attract more renewable energy investment, while Simon Field reaffirmed UK PACT’s support for green finance and clean energy adoption in Nigeria.
In addition, Titilayo Oshodi stressed the importance of coordinated investment, innovation, and supportive policies in accelerating sustainable energy access.
Stakeholders at the launch agreed that initiatives such as GFiF will play a critical role in reducing investment risk, mobilising long-term capital, and accelerating the deployment of clean energy infrastructure across Nigeria.