Arnergy 's pay - as - you - go solar power program allows customers to rent solar equipment instead of buying it , paying a fixed price of $ 10 or $ 30 per month for electricity in rural and urban areas respectively . Arnergy’s pay-as-you-go solution has proven more expedient in rural areas, where the electrification rate is 37% according to data from the International Energy Agency. One of the obstacles to renewables projects in Nigeria , which is fraught by an unreliable electricity supply , is said to be the high upfront cost of buying the equipment . Arnergy is predicting a 10-fold increase in revenues for Nigeria on the back of growing demand , with state governments registering interest in the company 's rural projects , which have connected previously off - grid electricity . The company is looking to raise more capital to grow , however , it may face headwinds to do so , as most Nigerian investors do not yet to ##uted Nigeria as a high growth area .
Arnergy 's pay - as - you - go solar power program allows customers to rent solar equipment instead of buying it , paying a fixed price of $ 10 or $ 30 per month for electricity in rural and urban areas respectively . One of the obstacles to renewables projects in Nigeria , which is fraught by an unreliable electricity supply , is said to be the high upfront cost of buying the equipment . Arnergy is predicting a 10-fold increase in revenues for Nigeria on the back of growing demand , with state governments registering interest in the company 's rural projects , which have connected previously off - grid electricity . The company is looking to raise more capital to grow , however , it may face headwinds to do so , as most Nigerian investors do not yet to ##uted Nigeria as a high growth area .