- Baobab Plus Nigeria partners with Moniepoint Inc. to expand clean energy access and simplify payments through Monnify.
- The partnership enables customers to make instalment payments via mobile wallets, bank transfers, or cards for solar and digital products.
- Baobab+ continues expanding with new stores in Ile-Ife, Ikare-Akoko, and Ore, aiming to close the energy gap in underserved communities.
Baobab Plus Nigeria has partnered with Moniepoint Inc. to expand clean energy access and simplify payments through Monnify, Moniepoint’s payment gateway. This collaboration will help customers pay for solar products quickly and promote financial inclusion.
Monnify enables Baobab+ customers to pay instalments using dedicated virtual accounts for solar and digital products. Customers can pay via mobile wallets, bank transfers, or cards, enhancing convenience.
Kolawole Osinowo, CEO of Baobab Plus Nigeria, described the partnership as a significant step in the company’s mission to provide affordable energy access. He highlighted the partnership’s potential to bring clean energy solutions to underserved and last-mile communities.
Ifeanyi Duru, Senior Vice President at Moniepoint Inc., stressed the importance of financial inclusion in driving Nigeria’s economic growth. He explained how the partnership would expand access to financial services in communities without reliable banking options.
Baobab+ Nigeria aims to close the energy gap for nearly 80 million Nigerians without reliable electricity. To support this effort, the company continues opening new stores in Ile-Ife, Ikare-Akoko, and Ore.
This partnership with Moniepoint strengthens Baobab+ Nigeria’s commitment to empowering communities by offering affordable energy and digital products. The company’s solar products have improved energy access for thousands of households nationwide.
Moniepoint’s Monnify service provides the infrastructure needed to process payments efficiently. The platform enhances the purchasing experience for solar and digital products by allowing smoother transactions.
As Baobab+ grows, the partnership will increase financial inclusion and expand clean energy access in rural areas. Both companies focus on boosting Nigeria’s development by offering economic empowerment through energy access and financial services.
Baobab+ Nigeria has already distributed over 65,000 solar energy products across the country. With Moniepoint’s partnership, the company plans to reach more customers and ensure they can access energy solutions and flexible payment methods.
The partnership highlights the power of collaboration in driving sustainable development in Nigeria. By combining Baobab+ Nigeria’s expertise in clean energy with Moniepoint’s strong digital payment solutions, both companies aim to significantly impact energy access and financial inclusion.
As Baobab+ opens more stores and expands its presence, the partnership with Moniepoint will allow more Nigerians to benefit from affordable and reliable energy solutions.