![]() Read also: 3 major considerations buyers, investors need for successful investment We have started some of these structures in Nigeria as the company enters the country. First, there are the agents who are dealers, there are maintenance engineers empowered by d.light for repairs and there are sales teams including those who sell on commissions. In most East African markets such as Kenya, Uganda, Tanzania you will see the extensive job creation impact of d.light. One great part of the d.light model is the job creation model. This is calculated globally on how a company impacts lives. As of 2020, we hit the 125 million impact number. D.light is a company that has sustainability in its growth plan and vision of enhancing lives. The investors in d.light are global funds such as Shell Energy Norfund, (Norway National Fund) a French investment company and private equity funds. ![]() Most of the d.light products are used in East Africa and India. Users of the resource are allowed to pay for the product a little at a time in the way they can afford until they fully pay for the item. The second leg of what d.light does is to make the solutions that are provided affordable. ![]() As a company, part of what d.light does is create solutions that are environmentally friendly but enhances the lives of people. In Nigeria for instance, we have power issues and people have been surviving it by huge investments in generators and diesel or petrol and none of them is environmentally friendly. The reason is that energy resource is a challenge to the kind of people they are targeting. They started to find solutions that will change the lives of people. They realised that they had a passion and commitment to see how they could change lives. The company was founded by two young men, a Canadian and American who met at Stanford Business School, US. This is the vision of the company to invest its resources, talents and the entire capital into developing solutions that will enhance the lives of people especially those at the lower end of the pyramid. We understand that D.light is investing in Nigeria could you tell us more about the company and its attraction to the Nigerian market?ĭ.light Inc is a global company that is involved in the transformation of lives. This will not require investing in expensive solar panels. Many houses are trying to acquire solar solutions but with d.light solar energy products, we provide individual items such as solar light, solar TV, Solar fan without using generators to power them. There are a lot of small businesses everywhere that are providing different solutions. No matter how much government positions for what they want to do, the private sector must drive it by getting involved in that sector, by providing the service and the product. We are still so far from where we need to be as a country considering our population and our needs. In the adoption of renewable energy solutions, where is Nigeria in that journey as a complement to conventional energy sources? Some of the things the government is doing in that space and some of the global moves have created some level of mitigation that helped to make it a lot easier to make a case to increase the level of investment that is required in Nigeria ![]() But as more investments are made, there will be environmentally friendly solutions, and the environment will be cleaner with green products and safer and sustainable for people. The challenge is that Nigeria does not generate enough power, but even if we do, we also do not have an extensive enough distribution network that will take power to the last mile. Business is driven by opportunities that exist, created by gaps. There is high demand for electricity in Nigeria and it is that demand that drives investments in that sector.
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