Baobab Microfinance Bank Nigeria has launched the Green Finance Project, a structured training and capacity-building initiative aimed at developing skilled professionals who can guide households and small and medium-sized enterprises (SMEs) toward responsible, affordable, and sustainable solar energy solutions.
As rising energy costs and unreliable power supply continue to affect homes and businesses across Lagos, solar energy is increasingly emerging as a practical alternative. However, access to qualified and responsible advisory support remains limited, often resulting in poorly matched systems, unrealistic financial expectations, and unsustainable outcomes.
The Green Finance Project was designed to address this gap by strengthening expertise at the intersection of energy and finance. The programme will equip participants with practical knowledge, financial insight, and professional judgement required to assess energy needs, evaluate affordability, and provide guidance that prioritises clients’ long-term interests.
“Access to reliable solar energy starts with the right advice,” said Eric Ntumba, Chief Executive Officer of Baobab Microfinance Bank Nigeria. “Through the Green Finance Project, we are investing in people and building the skills needed to guide households and SMEs toward solar solutions that are affordable, realistic, and aligned with their long-term needs.”
Participants in the programme will be trained as Green Energy & Finance Consultants, combining technical understanding of energy consumption and solar systems with financial assessment and responsible advisory practices. By strengthening advisory capacity, Baobab aims to improve the quality of solar energy guidance available in the market and build greater trust between advisors and end users.
Recruitment for the Green Energy & Finance Consultant roles will begin as the programme rolls out. Selected participants will undergo structured training and practical project development focused on real-world solar solutions for households and SMEs in Lagos.
Speaking on the initiative, Rolf Kreitel, Project Manager, said the project is rooted in a practical approach to sustainable energy adoption.
“This project is built on a simple conviction: meaningful change happens when energy decisions make financial sense, are technically understood, and are supported by advisors trained to appreciate the everyday realities households and small businesses face in Lagos,” he said.
The Green Finance Project aligns with Baobab’s Social Performance Management framework, reinforcing the bank’s commitment to responsible finance, client protection, and positive social impact. The initiative is supported by the European Investment Bank through the Financial Inclusion Fund, reflecting its contribution to inclusive and sustainable energy access.
By investing in human capacity, Baobab Nigeria aims to accelerate the adoption of solar energy solutions that are not only technically appropriate but also financially viable and sustainable for households and SMEs.
Further details on consultant recruitment, training timelines, and participation in the programme will be announced in due course.
Source: Techcabal
