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Making micro finance and clean energy technologies work for the poor
1. MAKING MICRO FINANCE AND CLEAN ENERGY
TECHNOLOGIES
WORK FOR THE POOR
PRESENTED
BY
CHIEF MRS ANITA OKURIBIDO
Secretary
Council for Renewable Energy in Nigeria
17 Oct. 2011
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2. WHAT IS MICRO-FINANCE?
Microfinance is a promising system of
providing people with access to basic
services that particularly give comfort.
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3. What is Clean Energy?
Clean energy is the form of energy that
has little or no emission, is environmentally
friendly and poses no environmental
challenges.
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4. Examples
• Solar energy
• Wind energy
• Hydro
• Biogas
• etc
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5. Current state of rural environment
in Nigeria
• A large proportion, precisely 80% of Nigerians, are rural dwellers who do not
have any access to basic services including lighting, potable water, decent
shelters, health centers, effective irrigation for farming, etc
• The rural communities are generally least favored in the budget allocation,
out of which very little portion or none gets to the grassroots level.
• Worst and vivid scenario is such that little democratic “dividend” gets to the
rural dwellers very late.
• Despite their being last in line for resources, rural dwellers often have an
important role to play in the social, economic, and political development of
the nation.
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6. Problems associated with existing
energy delivery systems
Often the Energy Supply from the grid, for rural and very remote areas is
virtually non existent. Dwellers in this part of the world where the third (3rd)
Millennium Development Goal or the twenty first century has no
relationship ,with global and economic development still believe that light
comes from the sky during the day and in the night, darkness is their lot.
• These Unfortunate Nigerians, believe that one source of water is a heavy
downpour of rain, which goes away with the rainy season, while other
sources may be from springs ,rivers, or ponds which probably are several
kilometers away from their homes.
• The lack of Electricity from the National grid, exacerbates the already high
rate of suffering, toiling and hardship of the rural dwellers, thus creating a
negative impact on their standard of living
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7. The Role of Clean Energy
Clean energy systems have a very important role to play in grass-root
development for the following reasons;
5. To provide instant opportunity for special amenities such as domestic
lighting, water supply, health facilities, educational facilities and
communication gadgets to be put in place.
7. To create instant democratic awareness for rural dwellers whereby they
begin to experience a sense of democratic belonging, even being several
scores of kilometers away from the local government headquarters.
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8. The Role of Clean Energy(contd)
2. Renewable Energy technology such as solar and wind energy systems offer
lower operating cost and reduce environmental pollution, such as carbon
emission .
4.They also provide long-term benefits ,which if evaluated by decision and
policy makers, could impart the choice of technology in favor of Renewable
Energy(RE) system.
5.However since RE technologies are relatively new comers on the energy-
supply list, they are not often given proper consideration for grass root
application. Part of the fault lies in the lack of available information about
capabilities of RE system.
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9. Clean Energy Sustains Life
in the Rural Sector
• Clean Energy system is a vital component in life development
which completely illuminates the grim reality of rural poverty and
deprivation.
• Electricity offers a quality of life to which gas, kerosene or paraffin
oil cannot compare. Kerosene or paraffin oil lighting, on the other
hand, is most common in non-electrified communities and is known
to be hazardous while it contributes to indoor air pollution.
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10. Renewable Energy Applications
Renewable energy technologies such as solar/wind, provides electricity
from natural sources e.g.
• Domestic (Lighting, Refrigeration, Television, Hi-fi, etc)
• Water supply (water pumping, treatment, and purification)
• Primary Health Care (vaccine refrigeration, Lighting, and Water Supply)
• Education, (lighting, computer, VCR, etc)
• Agriculture (lighting, water irrigation, etc)
• Rural radio communications equipment (VHF, HF, VSAT, etc)
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11. M O D E L S O F M IC R O -
F IN A N C E
A s s o c ia t io n s :
• This is where the target community forms an 'association' through
which various microfinance (and other) activities are initiated. Such
activities may include savings.
• Associations or groups can be composed of youth, or women; they
can form around political/religious/cultural issues; can create
support structures for microenterprises and other work-based
issues.
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12. N o n -G o v e r n m e n t a l
O r g a n iz a t io n s :
•
NGOs have emerged as a key player in the field of microcredit.
They have played the role of intermediary in various dimensions.
NGOs have been active in starting and participating in microcredit
programmers.
• This includes creating awareness of the importance of microcredit
within the community, as well as various national and international
donor agencies..
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13. P e e r P re s s ure :
• Peer pressure uses moral and other linkages between borrowers
and project participants to ensure participation and repayment in
microcredit programmes
• Hence pressure is put on the initial members to repay); community
leaders (usually identified, nurtured and trained by external NGOs);
NGOs themselves and their field officers; banks etc.
• The 'pressure' applied can be in the form of frequent visits to the
defaulter, community meetings where they are identified and
requested to comply etc.
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14. S m a ll B u s in e s s :
• The prevailing vision of the 'informal sector' is one of survival, low
productivity and very little value added. But this has been changing,
as more and more importance is placed on small and medium
enterprises (SMEs) for generating employment, for increasing
income and providing services which are lacking
• A key component that is always incorporated as a sort of common
denominator has been finance, specifically microcredit - in different forms
and for different uses.
• Microcredit has been provided to SMEs directly, or as a part of a larger
enterprise development programme, along with other inputs.
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15. VISION
We are all coming together today to bring about a shared vision. This
moment marks an extraordinary opportunity for change in the renewable
energy sector, if only we can be integrated into the mainstream of the
energy policy reform in Nigeria as stated below,
• The federal government is embarking on a plan to increase electricity
generation capacity and extend the grid to 85% of the Nigerian population
by 2010.
• The Energy Commission has completed an Energy Master Plan.
• Some organizations such as Council for Renewable Energy in Nigeria have
been gaining experience and building capacity in renewable energy
implementation.
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16. VISION(contd)
• It is the vision of IREC to take renewable energy to the next level in Nigeria,
by connecting experts in the government, private sector, non-profit
organizations, and the international agencies.
• By 2020 at least 50% of rural homestead should have access to clean water
supply and illumination via the use of clean energy.
• It is grossly believed that the use of the micro-finance mechanism will
surely play a vital role in accomplishing this dream.
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18. CONCLUSION
• By dint of determination, hard work, with main focus and priority on
sustainability of renewable energy development in Nigeria, there is
no doubt that when the micro finance sector is fully developed to
service the Clean energy network in the rural environment, our
names will surely be written in gold in the hearts of the rural
dwellers and even all Nigerians at large.
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19. Have a fruitful deliberation
THANKS FOR LISTENING
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