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  • Updated: June 02, 2022

Sterling Bank Partners Stears Data To Provide Solution To Electricity Crisis In Nigeria

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

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Imperium Platform, a new and innovative digital product, has been launched by Sterling Bank, for the purpose of connecting consumers and providers of renewable energy (solar solutions) as a viable solution to Nigeria’s electricity crisis.

According to a statement, the Imperium Platform was launched following the unveiling of the Nigerian electricity industry report entitled, ‘Powering Nigeria: How solar energy can become a sustainable electricity alternative’.

Sterling Bank produced the report in partnership with Stears, a digital information company, the statement said.

Dele Faseemo, the Group Head, Renewable Energy at Sterling Bank, explained that the Imperium Platform sought to provide clean and affordable energy solutions to interested customers while providing different financing options to customers purchasing the solution outright or paying for the installation and operation of the solution.

According to Faseemo, Sterling Bank, in partnership with Stears Data, embarked on the study to tackle the problem of providing solar energy in the country.

The report showed that Despite the privatisation of Nigeria’s electricity industry, the report shows that Nigeria has one of the lowest electrification rates in the world, as 43 per cent of the country’s population has no access to grid electricity, which indicates that 85 million Nigerians are not connected to the Nigerian transmission grid.

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

More From this Author

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