Naira-Based Concessionary Loans for Renewable Energy in Nigeria: Unlocking Inclusive Growth and Energy Access

Nigeria stands at a defining crossroads in its energy journey, abundantly endowed with renewable energy resources from solar, hydropower, and biomass, yet struggling with chronic energy poverty. According to the World Bank (2025), more than 86 million Nigerians remain without electricity, the largest number globally for three consecutive years, while over 175 million people also lack access to clean cooking.