About Nigeria Energy Transition Challenge Fund (ETCF)

Nigeria’s Net Zero ambition is based on a transition to complete electrification of the economy by 2060 – 250 GW of installed capacity (90% renewable), 80% of the fleet from EV, and clean cooking for 80% of the population. Reaching such targets requires innovative financing and first-loss investments (such as catalytic grants) in technological improvements, productive energy, fuel switching in priority sectors, business model iteration, and scaling for universal access, skills, and job creation in ET priority sectors.

In the context of the Financial Cooperation with the Federal Republic of Nigeria, KfW, on behalf of BMZ, intends to set up a new Challenge Fund mechanism to contribute to implementing Nigeria’s Energy Transition Plan (ETP). The mechanism will form part of the broader development cooperation activities between Nigeria and Germany in the energy space. The “Energy Transition Challenge Fund” (ETCF) will co-finance projects from the public and private sectors to promote the uptake of renewable energy technologies, energy efficiency-enhancing investments, and the expansion of vocational training opportunities in renewable energies and energy efficiency. A demand-driven, competitive application mechanism will be used to systematically select the projects with the highest impact potential on the requested grant funds. The selection of projects will be made through an internationally experienced Project Executing Agency (PEA) based on clear evaluation criteria that will be jointly agreed upon with the partner site before launch

.The ETCF will be launched with an initial funding of EUR 20 Mio (grant funding). The mechanism could be further expanded in the coming years due to successful performance and available funding.

About the role

The Senior Portfolio Officer will be responsible for managing the ETCF portfolio of companies in Nigeria, focusing on energy access for households and institutional clients, including solar home systems (SHS), clean cooking solutions, and technical and vocational education (TVET) institutions. The incumbent will lead the technical and grants management support for the ETCF portfolio of projects. The role holder will work collaboratively with the Country Program Lead and other internal stakeholders, process grants, and coordinate technical assistance for a portfolio of companies

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