Nigerian entrepreneur Cosmas Maduka's Coscharis unveils $4 billion green energy initiative

Timilehin Adejumobi -
Key Points
  • Coscharis Technologies has launched a $4 billion green power initiative aimed at transforming Nigeria's energy sector and enhancing energy self-sufficiency.
  • The project aims to reduce reliance on traditional energy sources, aligning Nigeria with global sustainability goals while driving economic growth.
  • The firm plans to implement structured repayment terms, ensuring sustainability while prioritizing environmental and social responsibility in project execution.

Coscharis Technologies, the tech division of the diversified Coscharis Group, led by Nigerian entrepreneur Cosmas Maduka, has unveiled a monumental $4 billion green power initiative aimed at reshaping Nigeria's power sector and steering the country toward energy sufficiency.

The ambitious project signifies a pivotal move toward sustainability in Nigeria’s energy landscape, aligning with global climate targets and facilitating the transition to renewable energy sources, particularly solar.

Powering Nigeria's green economy

Sunday Mukoro, Managing Director of Coscharis Technologies, emphasized the project’s role in addressing Nigeria's pressing energy challenges. “This initiative is designed to reduce our reliance on traditional energy sources by promoting solar solutions,” Mukoro stated. He added that the project marks a significant step forward for Nigeria and West Africa in promoting renewable energy, catering to businesses of all sizes.

In its initial phase, the initiative will target critical sectors, including government agencies, private firms, and small and medium enterprises (SMEs), with plans to expand access to residential communities. Mukoro noted that the project would feature structured repayment terms, ensuring a sustainable financial model for participants.

Cosmas Maduka commended Mukoro and his team for their leadership in this transformative project. “This achievement reaffirms our commitment to delivering value across every sector we operate in. The Coscharis Technologies team has demonstrated that they are a formidable force in Nigeria and the Sub-Saharan market,” Maduka said.

He emphasized the project's execution will prioritize environmental and social responsibility, with minimal interference from government or external parties.

Tailored technology solutions

Coscharis Technologies serves as an authorized distributor for leading IT brands, including HPE, Samsung, Huawei, and Honeywell. The firm collaborates with global giants such as Microsoft and Cisco to deliver advanced technology solutions across Nigeria.

Under the guidance of Cosmas Maduka, Coscharis Technologies continues to meet the diverse needs of its customers nationwide. With the backing of the Coscharis Group's financial strength, the firm remains committed to pushing the frontiers of innovation to provide world-class IT solutions.