PRESS RELEASEFirstBank and Azuri partner to bring solar to millions and deepennancial inclusion in Nigeria07 February 2019, Lagos, Nigeria – First Bank of Nigeria Limited and AzuriTechnologies, a leader in pay-as-you-go solar technology, today announced aunique partnership that will help deepen !nancial inclusion in Nigeria whilebringing a#ordable, reliable and clean power to millions of Nigerians.Under the partnership, Azuri’s solar home TV product will be co-branded and co-marketed by FirstBank and Azuri. Pay-as-you-go customers will be able to pay fortheir solar via FirstBank’s Firstmonie agent network and mobile paymentsolution. Firstmonie agents are positioned within rural and semi-urban locationsacross the country and provide basic !nancial services such as account opening,cash deposit, cash withdrawals and bill payments.More than 60 million of Nigeria’s roughly 200 million people do not have bankaccounts and as little as 6% of people have a mobile money account. (WorldBank !gures 2018).Speaking on the partnership, Azuri CEO Simon Brans!eld-Garth and FirstBankCEO Adesola Adeduntan stated the partnership was a positive step in providingmuch needed energy and enabling access to !nancial services in rural, low-income areas.“This partnership combines the reach of FirstBank with Azuri’s technology andpay-as-you-go solar expertise to bring next generation power to o#-gridconsumers in Nigeria” said Azuri CEO, Simon Brans!eld-Garth.“Azuri and FirstBank share the vision of a level playing !eld where all consumershave the ability to bene!t from modern !nancial and digital services, regardlessof where they live and this agreement is another step in making that vision areality.”
According to FirstBank CEO, Adesola Adeduntan, “Financial inclusion is a prioritywith FirstBank and we are excited that with this partnership, our customers areable to access a wide range of services that address real problems such asaccess to power. With our over 16,000 Firstmonie Agents spread across thelength and breadth of Nigeria, our customers are at an advantage in enjoyingseamless !nancial services from the Bank that puts them !rst.”From solar home lighting to solar satellite TV, Azuri systems are designed todeliver world class performance at an a#ordable price for all customers thatexperience irregular power supply. Customers make small weekly or monthlypayments to unlock their system and power.Pay-as-you-go solar is transforming lives by providing energy for lighting, phonesand TVs while helping boost local economies with new employment opportunitiesand connecting o#-grid households to !nancial and digital services that arehelping improve productivity and increase income.