$188M Green Finance Facility Launched for Nigeria's Energy

The Green Finance Investment Facility, aimed at mobilizing large-scale private institutional investment in renewable energy infrastructure across Nigeria, was officially launched with a target of raising $188 million. The initiative, led by Barton Heyman Limited in partnership with the Rural Electrification Agency (REA) and FCMB, focuses on financing 191 megawatts of distributed solar capacity to improve access to renewable energy for households and businesses.

This facility is part of a broader effort to expand electricity access through decentralized renewable energy solutions. Olumid Lala, managing partner at Barton Heyman Limited, described the facility as a market-driven model capable of unlocking private capital at scale for Nigeria's energy transition.

Anthoni Feyitimi, senior partner at Barton Heyman, emphasized that the facility not only aims to provide clean energy but also to support Nigeria's economic growth through reliable power distribution. Abba Aliyu, managing director of REA, addressed the sector's financial constraints, while Georg Ogbonnaya, senior vice president at FCMB, highlighted the bank's expanding role in renewable energy financing.