By Abbas Nazil
Baobab Plus Nigeria, a key player in renewable energy and digital solutions, has announced a partnership with Moniepoint Inc. to expand access to clean energy and financial inclusion across underserved communities in Nigeria.
Through this collaboration, Baobab+ customers will leverage Moniepoint’s payment gateway, Monnify, to simplify payments for solar and digital products, enabling them to pay in instalments using dedicated virtual accounts.
The Chief Executive Officer of Baobab Plus Nigeria, Kolawole Osinowo, hailed the partnership as a pivotal step towards improving energy access and fostering economic empowerment in Nigeria’s most vulnerable areas.
Osinowo emphasized that the initiative will enhance the availability of affordable, clean energy solutions in underserved and last-mile communities, addressing the pressing need for reliable energy in these areas.
Monnify’s infrastructure provides a seamless payment experience, allowing customers to use mobile wallets, bank transfers, or cards to complete transactions with ease.
According to Ifeanyi Duru, Senior Vice President of Enterprise Network Sales at Moniepoint Inc., financial inclusion is essential for unlocking Nigeria’s untapped economic potential.
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By integrating financial technology with clean energy solutions, the partnership seeks to expand the reach of essential financial services and energy products to previously underserved populations.
Baobab+ has already supplied over 65,000 solar energy products in Nigeria, making it a prominent player in the renewable energy sector.
This collaboration with Moniepoint aims to further its impact by addressing the financial challenges that hinder access to sustainable energy solutions.
With flexible payment options, the partnership aims to reduce barriers for individuals and businesses seeking affordable, renewable energy products.
The initiative aligns with broader national and global goals to enhance clean energy adoption and improve the quality of life in underserved communities.
It underscores the importance of private-sector collaborations in addressing Nigeria’s energy and financial access challenges.
By bridging the gap between clean energy solutions and financial inclusion, the partnership seeks to foster sustainable development and economic growth across the country.
With Monnify’s user-friendly platform, Baobab+ customers can now access solar solutions conveniently, marking a significant step toward a more inclusive and energy-secure future for Nigeria.
