Baobab Plus, Monnify Unite to Transform Energy Access in Nigeria

Baobab Plus Nigeria, a leading provider of solar energy and digital solutions, has announced a strategic partnership with Moniepoint Inc., Nigeria’s premier financial services provider. The collaboration, facilitated through Moniepoint’s Payment Gateway Service, Monnify, aims to simplify payment processes for Baobab+ customers while fostering financial inclusion across underserved communities in the country.

Through Monnify’s robust payment infrastructure, Baobab+ customers can now enjoy seamless payment options, including installment plans, via dedicated virtual accounts. This innovation ensures convenience and efficiency for managing payments for solar and digital products, ultimately empowering individuals and communities to access clean, affordable energy while building their credit history.

At the partnership signing ceremony in Lagos, Kolawole Osinowo, CEO of Baobab Plus Nigeria, expressed optimism about the collaboration. “This partnership marks a significant milestone in our mission to provide energy access and economic empowerment through life-changing solar products to communities across Nigeria. By leveraging Monnify’s reliable payment infrastructure, we are simplifying the payment process and driving economic access for our customers,” he stated.

Echoing this sentiment, Ifeanyi Duru, Senior Vice President, Enterprise Network Sales at Moniepoint Inc., highlighted the shared vision of driving sustainable development. “At Moniepoint, we believe financial inclusion is critical to unlocking Nigeria’s vast economic potential. Our partnership with Baobab+ allows us to extend essential financial services to underserved communities. Access to clean energy is a crucial lever for improving socio-economic conditions and paving the way for a brighter future,” Duru noted.

In line with its mission to bridge the energy and digital divides, Baobab+ is expanding its reach by opening new stores in Ile-Ife, Ikare-Akoko, Ore, Ondo, and Mowe. These efforts aim to increase access to clean energy solutions in rural areas, where approximately 80 million Nigerians lack reliable electricity.

The partnership underscores a shared commitment to sustainable development and financial inclusion. By leveraging Monnify’s cutting-edge payment solutions and Baobab+’s Pay-As-You-Go model, the collaboration is set to empower underserved communities and drive meaningful socio-economic change across Nigeria.