Financing Source: Results Based Financing for Productive Appliances & Equipment (PUE)

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Last edited on 15/03/2023 by Kimberly Fahsold
(Date format: DD/MM/YYYY)

Key facts

Result Based Finance means that subsidy that is applied after a pre-determined result has been met and verified. Total funding amount: US$18.5 million with a subsidy framework of 30% of the costs of deploying PUE. Incentive factors can increase subsidy level to 60%. Under the NEP, channeled by REA.

Type of financing

• Grant

Technology scope

• SHS
• Minigrid
• Other

Target beneficiaries

SME

Geographical scope

Nigeria

Application

Rolling basis

URL

https://nep.rea.gov.ng/result-based-financing-for-productive-appliances-equipment/

Further information

https://www.youtube.com/watch?v=qgDgpKubVZ0