Fixr Promotes Solar Energy for Nigerian SMEs Amid Diesel Costs

Fixr is advocating for the adoption of solar energy among small and medium enterprises (SMEs) in Nigeria as a strategy to counteract the rising costs of diesel and the unreliability of grid electricity. A survey of 1,000 micro, small, and medium enterprises in Abuja and Lagos revealed that 83.3% rely on grid electricity, while 17.6% depend on costly diesel generators.

The volatility in the global oil market has driven diesel prices between N774 and N1,100, creating financial strain for businesses operating on thin margins. Fixr aims to facilitate solar energy adoption by providing access to financing solutions that reduce the high upfront costs associated with solar installations.

Their model includes a detailed load analysis to determine energy requirements and a financing structure where businesses pay at least 20% of the system cost upfront, with financing partners covering the remaining 80%. The installation process is designed to minimize downtime, with systems typically installed within 24 hours.

Fixr also ensures long-term performance through comprehensive warranty coverage.