PowerHop

Nigeria has more people without electricity than any other country.

Generators roar where the grid falters. Over 90 million Nigerians lack access today, the grid has never carried more than 6 GW, and households & businesses spent ₦16.5 trillion on off‑grid power in 2023.

A nation in the dark — ready for change
In brief
  • Grid peak throughput has stayed under 6 GW for a nation of 230M.
  • Off‑grid generation now supplies roughly a quarter of demand.
  • Power cuts drag on health, productivity, and growth.

Source: The Economist, “Nigeria has more people without electricity than any other country,” May 8, 2025.

The backbone — and opportunity

Nigeria’s informal economy is young, entrepreneurial, and essential.

  • ~65% of GDP comes from Micro, Small and Medium Enterprises (MSMEs).
  • >80% of jobs are created by small and informal businesses.
  • Informal operators pay levies & taxes and power local commerce across Lagos and beyond.

Source: Moniepoint Informal Economy Report 2025.

Power for Nigeria’s informal economy

From market stalls to micro‑enterprises, reliable electricity is the difference between closing early and serving customers all day. The informal economy isn’t a side‑story — it’s where growth and inclusion happen first.

What if power wasn’t a product, but a service?

Imagine energy delivered like a modern utility: predictable, quiet, and always‑on — so entrepreneurs can work, families can rest, and communities can thrive. No specs. No buzzwords. Just outcomes.

We’re building toward launch. No product details yet — only a promise to rethink access to reliable power.

Sources
  1. The Economist: “Nigeria has more people without electricity than any other country” (May 8, 2025).
  2. Moniepoint: Informal Economy Report 2025 (IFC foreword and data on MSMEs’ GDP & jobs contribution).