Solar Energy A Source of Renewable Energy and a Disruptive Innovation Creating Business Opportunities in Nigeria

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Simon Nnaemeka Ajah


One of the limitations for entrepreneurs and businesses in Africa, including Nigeria, is having access to a stable energy source. The World Bank Group has encouraged off-grid power solutions to address this issue. Qualitative exploratory research of readily available literature was undertaken, supplemented by in-depth interviews. The findings were that an overhaul of existing systems needs to take place,   and a huge market is available for exploitation by multinational corporations, small to medium enterprises, entrepreneurs, and investors. Finally, new business models are needed from entrepreneurs and businesses venturing into the power sector in order to disrupt the energy sector and alter the power supply, which was previously solely government owned. Privatization of the power supply by the government would bring more efficiency into the energy sector through disruptive solar technology.


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