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Baobab Microfinance Bank Nigeria has unveiled a new Green Finance Project aimed at expanding access to sustainable energy solutions for households and small and medium-sized enterprises (SMEs) in Lagos.
The initiative focuses on building a new generation of professionals who can guide businesses and homeowners in adopting affordable and financially viable solar energy systems, as rising energy costs and unreliable electricity supply continue to affect productivity and living standards.
According to Baobab MFB, the programme is designed as a capacity-building and training initiative that will equip participants with both technical and financial expertise required to advise clients on renewable energy investments.
The trained specialists, known as Green Energy and Finance Consultants, will help households and SMEs assess their energy needs, evaluate financing options, and implement sustainable solar solutions.
Speaking on the initiative, Eric Ntumba, the chief executive officer of Baobab MFB, said the project is designed to address the growing gap between rising energy demand and access to reliable power solutions.
He noted that access to solar energy must be supported by the right technical and financial guidance to ensure solutions remain practical and affordable for end users.
“Access to reliable solar energy starts with the right advice. Through the Green Finance Project, we are investing in people and building the skills required to guide households and SMEs toward solar solutions that are affordable and aligned with their long-term needs,” he said.
The programme will begin with the recruitment and training of consultants who will undergo structured learning and real-world project development focused on Lagos’ energy landscape.
Project Manager Rolf Kreitel said the initiative is built on the idea that sustainable energy decisions must combine technical understanding, financial realism, and practical advisory support to deliver lasting impact for businesses and households.
The Green Finance Project is supported by the European Investment Bank’s Financial Inclusion Fund, highlighting its alignment with broader goals of improving access to clean energy while strengthening financial inclusion.
The initiative also forms part of Baobab’s Social Performance Management framework, which focuses on responsible finance, client protection, and sustainable economic impact in communities where the bank operates.
As Nigeria continues to grapple with energy shortages and rising fuel costs, industry observers say programmes like the Green Finance Project could help accelerate the adoption of renewable energy solutions among SMEs, widely regarded as the backbone of the country’s economy.
By combining financial expertise with renewable energy advisory, Baobab MFB aims to improve trust in the solar market and ensure that clean energy investments remain both technically viable and economically sustainable for Nigerian households and businesses.
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