Press Release

Affordable power is now closer than you think!

N-CEAP and Renaissance Credit have teamed up …

to create accessible and efficient power solutions for all Nigerian households

Lagos, June 2013-  As the norm for every Nigerian household and business is to generate alternate power supply to sustain a functional lifestyle, the search for the most efficient and affordable solutions is always optimum.

Nigerians now have no further to look as relief is near with the Nigeria Clean Energy Access Programme ( N-CEAP), an initiative established in 2010 by the Concession Development Company, which offers clean, affordable energy with solar systems, inverter systems, inverters, energy storage and efficient lighting systems.

“There is a renewed need for innovation when it comes to how we use power in Nigeria.” says Mr. Val Ozieh, the Managing Director of the Concession Development Company at a press event. “We need to change the way we understand power consumption and stimulate change that matches the proper solutions with our consumption needs.”

The N-CEAP initiative has been designed to reduce greenhouse gas emissions in Nigeria as well as the high cost of power self-generation and consumption by households and businesses. To this end N-CEAP has formed a partnership with Renaissance Credit, a consumer finance company that specializes in providing credit facilities and loans towards household items like electronics, furniture, appliances and now N-CEAP inverter systems.

“Developing new ways to power our lives is not enough, we have to change the consumer mindset and create direct access to the solutions” says Mr. Ozieh “When one household invests in alternate power that is noise-free and emits clean energy, it is in their best interest that their neighbor can do the same so they can create a stronger impact.”

Renaissance Credit offers consumers loan approval within 24 hours of applying, a minimum 20% down payment and an option to pay off the loan in 6 months or less. “We specialize in short term loans for people who need a little breathing space and planning to get a lot of comfort and convenience. “ says Toyin Ashipa, Marketing Executive at Renaissance Credit.

As the country is rides the dichotomy of global connectivity and local innovation, the accessibility of the N-CEAP power solutions is a game changer in the way Nigerians live, work and play.

About Nigeria Clean Energy Access Programme (N-CEAP)

The Nigeria Clean Energy Access Programme (N-CEAP) was conceived in 2009 by the Concession Development Company (CDC), to fill an important gap in the renewable energy space in Nigeria.

N-CEAP comprises, at its simplest, of low energy lighting and power solutions for the general public.  Over three years, they have distributed over millions of  energy saving bulbs nationwide, representing a significant drop in power consumption for lighting in every premises.

N-CEAP uses products of the highest grade from some of the world’s top manufacturers, such as Victron Energy, Must Power, Philips and SMA and pushes the envelope in delivering green energy solutions every day, striving to add value to Nigerian lives, and providing high-quality products and excellent services to all its customers. N-CEAP/CDC can be contacted via +234 1 740 2754, info@n-ceap.com or www.n-ceap.com.

About Renaissance Credit Limited

Renaissance Credit (Rencredit MFB Limited) is a consumer finance company with the business objective to develop consumer credit in Nigeria.  They plan to achieve this goal by providing Simple Money Solutions targeted to the low-middle class consumer segments within the Lagos market space.

Rencredit provides simple cash loans to individuals, groups and also partner with retailers across Lagos to provide point of sale financing for consumer goods and appliances with approval to operate under a Microfinance License in October 2012. Rencredit can be contacted via +234 1 631 070 or www.rencredit.com