American company, Sun Africa recently signed an agreement with the Nigerian Government to install solar energy systems in numerous parts of the country facing energy poverty from the nation’s electricity network. In Nigeria today, over 85 million people do not have access to electricity, and this agreement is targeted at utilizing the Exim Bank loan to install solar grids to meet the needs of the underserved in the country. 

Nigeria aims to solve energy poverty through the installation of solar energy systems and to this end, the nation has obtained a loan of 1.5 Billion dollars from Exim Bank, an American export credit agency. This loan would be utilized to facilitate the implementation of solar energy systems in Nigeria.