Answer:

THESE ARE THE RAISES OF NIGERIA....

I STUDIED THESE THINGS LAST YEAR...

• 1) NIGERIAN startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network.

• 2) The RENEWABLE energy company BUILDS and operates solar-powered micro-utilities that provide electricity to commercial community structures, such as open-air trading bazaars.

• 3) Launched in 2016, the startup has shifted its operating strategy. “We’ve pivoted away from a residential focus…and we’re building much larger systems to become essentially the utility for these large urban markets we have a lot of in Nigeria,” Rensource co-founder Ademola Adesina told TechCrunch.

• 4) The company has a PARTNERSHIP with German manufacturer BOS AG, with whom it designs specialized panels for it use case. Rensource also has developer teams in Nigeria and Europe for its software-related programs.

• 5)For perspective, the West African country is roughly the size of Texas, with a 200 million population larger than Russia, and generates less gigawatt hours of electricity annually than the U.S. state of Connecticut.

• 6) Nigerian businesses (and citizens) adjust for these power deficiencies by spending on diesel fuel and generators.

• 7) The IMF’s 2019 Nigeria report quoted economic losses of $29 BILLION in Nigeria due to unreliable electricity supply. On global Doing Business rankings, Nigeria ranked 169 out of 190 countries in the category of “Getting Electricity.”

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Explanation: