FirstBank, Azuri Partner To Bring Solar Power To Millions

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  • PRESS RELEASE
    FirstBank and Azuri partner to bring solar to millions and deepen
    nancial inclusion in Nigeria
    07 February 2019, Lagos, Nigeria – First Bank of Nigeria Limited and Azuri
    Technologies, a leader in pay-as-you-go solar technology, today announced a
    unique partnership that will help deepen !nancial inclusion in Nigeria while
    bringing 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 for
    their solar via FirstBank’s Firstmonie agent network and mobile payment
    solution. Firstmonie agents are positioned within rural and semi-urban locations
    across 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 bank
    accounts and as little as 6% of people have a mobile money account. (World
    Bank !gures 2018).
    Speaking on the partnership, Azuri CEO Simon Brans!eld-Garth and FirstBank
    CEO Adesola Adeduntan stated the partnership was a positive step in providing
    much needed energy and enabling access to !nancial services in rural, low-
    income areas.
    “This partnership combines the reach of FirstBank with Azuri’s technology and
    pay-as-you-go solar expertise to bring next generation power to o#-grid
    consumers in Nigeria” said Azuri CEO, Simon Brans!eld-Garth.
    “Azuri and FirstBank share the vision of a level playing !eld where all consumers
    have the ability to bene!t from modern !nancial and digital services, regardless
    of where they live and this agreement is another step in making that vision a
    reality.”
  • According to FirstBank CEO, Adesola Adeduntan, “Financial inclusion is a priority
    with FirstBank and we are excited that with this partnership, our customers are
    able to access a wide range of services that address real problems such as
    access to power. With our over 16,000 Firstmonie Agents spread across the
    length and breadth of Nigeria, our customers are at an advantage in enjoying
    seamless !nancial services from the Bank that puts them !rst.”
    From solar home lighting to solar satellite TV, Azuri systems are designed to
    deliver world class performance at an a#ordable price for all customers that
    experience irregular power supply. Customers make small weekly or monthly
    payments to unlock their system and power.
    Pay-as-you-go solar is transforming lives by providing energy for lighting, phones
    and TVs while helping boost local economies with new employment opportunities
    and connecting o#-grid households to !nancial and digital services that are
    helping improve productivity and increase income.

 

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