- UK-backed mini-grids will expand Nigeria’s renewable energy capacity and improve access for 17.5 million citizens.
- The $7.5m facility reduces upfront costs, helping developers accelerate electrification across rural and urban communities.
UK-backed mini-grids are driving Nigeria’s clean energy future. British International Investment (BII), the UK’s development finance institution, has partnered with Odyssey Energy Solutions to launch a $7.5 million financing facility. Consequently, the initiative will support solar-powered mini-grids for households and businesses nationwide.
The facility aligns with the World Bank’s Distributed Access through Renewable Energy Scale-Up (DARES) programme and aims to expand energy access for 17.5 million Nigerians. Developers will use the funding to procure solar and storage equipment. Afterwards, they can repay costs once projects generate revenue. This structure removes barriers, including high upfront expenses such as import duties and equipment purchases.
In addition, Odyssey’s platform will streamline procurement and supply chain credit solutions. Thus, developers and suppliers will operate more efficiently within a transparent system. At the same time, the facility can scale up as demand grows, ensuring faster project execution and shorter electrification timelines.
Moreover, British Deputy High Commissioner Jonny Baxter welcomed the investment. He said it reflects the UK’s strong confidence in Nigeria’s renewable energy sector. Furthermore, he explained that British finance is helping unlock green growth while reinforcing Britain’s role as a credible climate partner under the Enhanced Trade and Investment Partnership.
Equally, Benson Adenuga, BII’s West Africa Regional Director, stressed the urgency of the initiative. He noted that about 90 million Nigerians still lack electricity. Consequently, he explained that clean mini-grids offer a quick and affordable solution. Likewise, Piyush Mathur, Co-Founder of Odyssey, praised BII’s flexible approach. He emphasised that it helps developers overcome financial barriers and speed up electrification.
Ultimately, UK-backed mini-grids promise more than light. They also create jobs, enable digital inclusion, and foster inclusive growth. By combining innovation and investment, the UK and Odyssey will reshape Nigeria’s electricity future.