Firm offers fund, renewable energy solutions to MSMEs in Ogun 

Firm offers fund, renewable energy solutions to MSMEs in Ogun 

Asteven Group, a Renewable Energy Company based in Germany, has offered to provide energy intervention to thousands of rural dwellers and operators of Micro, Small and Medium-scale Enterprises (MSMEs) in Ogun state with an access to green energy fund and provision of renewable energy solutions.
The Germany-based Renewable Energy Company that will be commissioned in the first quarter of 2017 at Asese, along Lagos-Ibadan expressway in Ogun state is expected to locate its plant and training centre, targeting majorly, the renewable energy solutions to rural dwellers and operators of MSMEs in the state.
The renewable energy intervention scheme which is expected to kick start in Ogun state with a plan to cover the whole country, will come as a follow-up to the World Bank’s Rural Access and Mobility Project (RAMP) which provides the state with access to $60 million development fund that covers 500km of roads and households electrification of rural areas covered in the 2017 fiscal estimates.
Speaking during the facility tour of Asteven Renewable Energy Company in preparation for the commissioning of the plant next year by Bimbo Ashiru, the Ogun State Commissioner for Commerce and Industry on Wednesday, Sunday Akpoyibo, Managing Director of the energy firm declared that the firm, having observed low level of energy distribution in the country, came out with energy solutions that address the challenge.
He said, “We have energy intervention plan for Ogun state and Nigeria. One of the intervention plan we have is for MSMEs. If you see our products, you will find out that we develop products for MSMEs and for the people in the rural areas, but for them to have access to energy, there must be access to finance.
“Because we are here in Ogun state, we will deploy part of fund to MSMEs for them to be able to access clean energy solutions. We have the barbers, hair dressers and many artisans in urban and rural areas, what we do is to provide funding for them and allow them to repay between 24 months and 36 months.
“The only thing we want government to do is to create enabling environment by telling us that this location is our priority, this rural area is where we want you to start from, we don’t want government to fund us but, we need them to take us along with their programmes so that we can reach out to communities and co-operatives.
“These people have energy poverty, and what can you do to assist? That is why we are here. If renewable sources of energy is encouraged, most youths will go back to their businesses rather than riding Okada which is even more dangerous for them.”
Responding, Bimbo Ashiru, Commissioner for Commerce and Industry, said, “what he (Akpoyibo) has just mentioned about rural electricification, we are actually looking at that, in fact, that is the area we are going to partner with you.
“In another area, we are also partnering with German Agency for International Development (GIZ), German Institute, they are working together and we are looking at how we can support MSMEs and Rural dwellers with the alternative energy solutions in order to increase productivity, create wealth and jobs.”

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