A study carried out by Boston Consulting Group (BCG) and All-On, a Shell-funded impact investment company, has shown that about 500,000 Nigerian households use solar energy.<\/p>\n\n\n\n In a statement made available to Business Post<\/strong><\/a>, it was stated that the number of households that have embraced the cleaner source of electricity only constitutes 1.25 per cent of the total households in the country.<\/p> Despite this low solar energy use, the Nigerian solar off-grid market is among the fastest-growing in Africa<\/a>, increasing at a 22 per cent average annual rate during the past five years but has underperformed its peers in Africa in penetration of off-grid solar \u2013 and has a long way to go before its solar market could be considered robust.<\/p>\n\n\n\n It stated that Nigeria\u2019s installed photovoltaic (PV) panel per capita amounts to only about 1 watts compared to an average of 8 watts in a similar emerging market, indicating a big opportunity for further growth in the country.<\/p>![\"\"](\"https:\/\/i0.wp.com\/pscsolaruk.com\/blog\/wp-content\/uploads\/2022\/03\/6tp7s.png?resize=710%2C200&ssl=1\")
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