Access Bank has partnered with renewable energy provider Asolar to increase the adoption of affordable, eco-friendly solar power by small businesses and off-grid communities across Nigeria.
Launched at an event in Abuja, the collaboration aims to address insufficient, expensive, and highly polluting power access for small and medium enterprises (SMEs) as well as rural populations.
The new product lineup includes solar-powered devices like TVs, air conditioners, and POS systems that can operate independently of the nation’s inconsistent electric grid.
Access Bank Deputy MD Victor Etuokwu highlighted that unreliable power poses a major barrier to financial inclusion, livelihoods, and business growth in the country. The bank’s 13,000+ CLOSA agents will provide digital payment services for the new solar products.
Asolar CEO Hakeem Shagaya reinforced that the partnership aligns with sustainable development goals around universal clean energy access. The renewable solutions will reduce costs, drive productivity, and support communities currently dependent on polluting diesel generators.
By tackling energy poverty with affordable sustainability, Access Bank and Asolar seek to empower both emerging enterprises and off-grid populations across Nigeria.