FG Launches PowerHer 774” to Provide 3 Million Women with N5 million Worth of Renewable Energy Credit
The Federal Government of Nigeria, through the Ministry of Women Affairs, in collaboration with the Nigeria Consumer Credit Corporation (CrediCorp) and other partners, has launched a new initiative to grant 3 million women access to ₦5 million worth of renewable energy credit.
- The program, themed “PowerHer 774 – End Energy Poverty for Women,” aims to empower Nigerian women by giving them access to renewable energy technologies and tools for use at home and in their businesses.
- Beneficiaries are expected to repay the credit over a period of 18 months to two years.
- At the launch event, the Minister of Women Affairs, Imaan Sulaiman-Ibrahim, highlighted the urgent need for intervention, noting that approximately 80,000 Nigerian women die annually from exposure to toxic carbon emissions due to cooking with firewood and kerosene.
- She also pointed out that women spend an average of eight hours daily sourcing and preparing fire for cooking.
Furthermore, women and children in rural communities make up a significant portion of the 48% (about 85 million people) of Nigerians living without access to electricity.
“In these communities, darkness equates to absence of opportunities, indignity, lack of safety, and lost hope. This must change,” the Minister stated.
- According to Sulaiman-Ibrahim, the PowerHer 774 project will distribute solar home systems, clean cooking technologies, solar water pumps, e-mobility tools, and more, across the country.
He further explained that through CrediCorp’s Credit Access for Light and Mobility (CALM) fund, launched in February, women across Nigeria will have access to funding to acquire solar panels, alternative energy solutions for their homes and businesses, and convert their vehicles to CNG engines.
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