Nigeria - Business creation project

Describe your project or startup in a few words

Objective Installation of all type of solar technology i.e. solar power plant (On-Grid and Off-Grid), solar water pumping system, solar street lighting system and solar home lighting system. Enhancing the technology by continuous research and development

01.01 Describe your project in more detail

A reliable, affordable and secure supply of energy is important for socio-economic development. As a country of acute power crisis Nigeria is now looking forward to develop its renewable energy sources in addition to its traditional sources of fossil fuel. Solar energy is the most abundant renewable energy source of Nigeria. Taking advantage of it we can enrich our regular life. I have tried to focus on the alternative uses of solar energy to ensure the energy security in near future. A solar based electric vehicle recharging station can reduce the fossil fuel consumption in transportation sector without using any power from grid and will keep our environment clean. A DC grid in off grid area based on solar PV can solve our irrigation problem as well as will ensure a better life for the rural people. Solar cooking can be a viable option for cooking both in rural and city area for reducing the natural gas consumption and burning.

01.02 What is the main problem you are trying to solve?

Solar power could help mitigate issues that coincide with climate change. Through the use of renewable energy, less pollution is generated and fewer deleterious effects will be realized by the public. Solar power also enables people without access to power grids to generate their own energy, which can help alleviate poverty in some areas.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Providing electricity for meeting lighting needs of households and rural markets can bring several positive impacts including improvement of quality of life and increasing in income and employment opportunities. So, rural electrification through solar energy is a model to the users is that they are free from the responsibility of maintaining the system. The risk of the whole system has been avoided with the involvement of local community in management. Demonstration of solar energy system has been successful to create interest among the rural people and demand from other locations also observed.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

My project is aiming at serving homeowners, commercial property owners, or even governments. My target beneficiaries are Solar power project developers Policy makers including Government and Regulatory Commissions Banks and Financial Institutions Solar Module Manufacturers Electricity Distribution Licensee Solar Association & Educational Institutions

01.05 When did you start working on your project?

2024-01-06

01.06 How many other partners are associated with your business venture?

3

01.07 Among the other partners, how many are female?

2

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Marketing manager Dynamic and self-motivated, result-oriented marketing manager with more than seven years of total experience. Proven record of increasing sales by up to 50% through marketing initiatives. An active team member with excellent communication and people skills. Expert in nurturing innovative ideas and deriving success from diverse teams. Two-time winner of state-level excellence awards Business analyst BA with five years of experience in budgeting, forecasting and financial modelling. Promoted from quality assurance manager to a business analyst within two years. Used forecasting model with variance analysis to recommend changes in the production plan and sale of three products to reduce overheads by 43%. Achieved the certificate of merit for outstanding performance.

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

Nil

01.10 Which industry best describes your project?

a) Energy (equipment, services, sustainable energy and fuel)

02.01.01 My project contributes to the No poverty goal

6

02.01.02 No poverty - Justification

Inclusive economic growth is the single most effective means of reducing poverty and boosting prosperity. Yet most economic activity is impossible without adequate, reliable and competitively priced modern energy. This is why access to energy is so important in the fight against poverty. Solar energy is a renewable, inexhaustible and affordable form of energy. It can be used to cook food, heat water, and generate electricity.

02.02.01 My project contributes to the Zero hunger goal

6

02.02.02 Zero hunger - Justification

Cost savings: By reducing dependence on non-renewable energy sources, solar energy can lead to lower energy costs for consumers and businesses, freeing up disposable income that can be spent on other goods and services, boosting local economies.

02.03.01 My project contributes to the Good health and well-being goal

6

02.03.02 Good health and well-being - Justification

Solar energy reduces respiratory and cardiovascular health issues. One of the most significant solar energy benefits is that it doesn't release air pollutants because it's a clean energy source.

02.04.01 My project contributes to the Quality education goal

5

02.04.02 Quality education - Justification

Schools can use their solar energy systems as teaching tools to help students learn about renewable energy, climate change, and sustainability.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Unequal societies are less cohesive. They have higher rates of anti-social behaviour and violence. Countries with greater gender equality are more connected. Their people are healthier and have better wellbeing. Simultaneously, these women are able to access energy, education, and improve economic development, all of which positively contributes to building gender equity. Not to mention, that this clean energy is helping reduce emissions and in turn reduce the effects of climate change.

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

Solar desalination is a technique used to remove salt from water via a specially designed still that uses solar energy to boil seawater and capture the resulting steam, which is in turn cooled and condensed into pristine freshwater. Salt and other impurities are left behind in the still.

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

Solar energy can also improve air quality, reduce water use from energy production, and provide ecosystem services for host communities through carbon sequestration, pollination, and ground and stormwater management.

02.08.01 My project contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification

It reduces energy costs Having alternatives to hand like solar PV is a great way to reduce dependence on volatile energy markets. It makes energy bills more manageable and predictable, increasing spending power and boosting the economy overall. Solar power supports sustainable industries by providing a clean, renewable energy source. It drives innovation in green technology and helps industries reduce their environmental impact

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Solar energy can be used to generate heat for a wide variety of industrial applications, including water desalination, enhanced oil recovery, food processing, chemical production, and mineral processing, among many others.

02.10.01 My project contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification

Nil

02.11.01 My project contributes to the Sustainable cities and communities goal

6

02.11.02 Sustainable cities and communities - Justification

Solar energy is integral to climate change mitigation efforts. By replacing fossil fuels, solar power significantly reduces greenhouse gas emissions, helping nations meet their climate goals and protect the environment

02.12.01 My project contributes to the Responsible consumption and production goal

6

02.12.02 Responsible consumption and production - Justification

Responsible consumption and production is about promoting resource and energy efficiency, sustainable infrastructure, providing access to basic services, green and decent jobs and a better quality of life for all.

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

Reduces Our Carbon Footprint By choosing to power your home or business with solar energy, you reduce your carbon footprint and lower the amount of harmful emissions released into the air. One of the most significant contributors to climate change is our reliance on fossil fuels.

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

Environmental effects are a result of all energy generation and transmission methods. Traditional producing options can harm the air, climate, water, land, wildlife, and ecosystem as well as raise unsafe radiation levels, as is evident from their consequences. Renewable technologies offer a solution to a number of social and environmental problems and are substantially safer than fossil and nuclear energy. Solar power technology outperforms the potential of other renewable energy sources like wind and biomass-derived energy by several orders of magnitude. Additionally, solar energy has a number of benefits that appeal to people in different parts of the world, such as lowering greenhouse gas emissions, stabilising degraded land, increasing energy independence, creating jobs, accelerating rural electrification, and raising life standard in developed nations

02.15.01 My project contributes to the Life on land goal

6

02.15.02 Life on land - Justification

Solar energy reduces respiratory and cardiovascular health issues Solar energy decreases greenhouse gas emissions

02.16.01 My project contributes to the Peace justice and strong institutions goal

3

02.16.02 Peace justice and strong institutions - Justification

N/A

02.17.01 My project contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification

N/A

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

05.02 The product/service we envision creating represents an entirely new type of product/service.

7 - Strongly Agree

05.03 The product/service we envision creating could be described as a new technology.

7 - Strongly Agree

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

5

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

7 - Strongly Agree

05.08 Justification

N/A

05.09 Who are your main potential competitors and what makes you stand out from them?

GVE Solar company, Arthur Energy Technology, Enerplaz Renewable Energy I really enjoy learning new things and am constantly seeking out new learning opportunities Working at a startup gave me an opportunity to understand the ins-and-outs of the industry, and to take on tasks I might not have at a larger company. I think this experience gives me a slight edge over other applicants

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, Because I am working with a few on this project