Project finance basics for Nigerian C&I solar

Project finance means lenders look at the cash flow of one asset, not the balance sheet of the sponsor. That is why each site gets its own SPV and its own escrow account.

In Nigeria, soliciting public investment triggers SEC crowdfunding rules. A private placement to known investors with proper loan agreements and a trustee is the safer starting structure while track record builds.

Get the legal structure right before the first naira is raised. It is far cheaper than fixing it later.