Firm rolls out Lease-to-own solar programme for Nigerians

JMG Limited has highlighted its lease-to-own solar power model as a practical pathway for accelerating clean energy adoption in Nigeria, particularly for businesses and institutions constrained by high upfront costs. The company made this known on Monday during a media interactive session held at its head office in Lagos to mark the International Day of […]

JMG Limited has highlighted its lease-to-own solar power model as a practical pathway for accelerating clean energy adoption in Nigeria, particularly for businesses and institutions constrained by high upfront costs.
The company made this known on Monday during a media interactive session held at its head office in Lagos to mark the International Day of Clean Energy.
Speaking at the event, JMG’s Chief Commercial Officer, Mr. Rabih Jammal, said clean energy was no longer a future aspiration but a present reality that is already delivering technical, commercial and financial benefits across the country.
“Clean energy is happening now and it is working,” Jammal said, noting that JMG’s head office operates a 129-kilowatt solar system that supplies about 95 per cent of its power needs.
He added that similar clean energy solutions had been deployed in commercial and public facilities, including the Awka State House and NIPCO fuel stations, helping to reduce carbon emissions, cut diesel costs and improve power reliability.
According to Jammal, the lease-to-own model is particularly significant in Nigeria’s energy transition, as it allows organisations to adopt solar power without bearing the full cost upfront.
Explaining the model, JMG Product Manager for Hybrid Power Systems, Mr. Raymond Nwose, said customers under the lease-to-own arrangement pay for solar installations in monthly installments over an agreed period, typically 84 months.
“At the end of the agreed tenure, usually seven years, the system becomes the customer’s property,” Nwose said.
He explained that the approach makes clean energy accessible to customers who may lack the capital to purchase solar systems outright, while still allowing them to enjoy stable power supply and long-term cost savings.

Nwose added that JMG also offers outright purchase and power-as-a-service models, but noted that the lease-to-own and power-as-a-service options are subject to minimum system capacity requirements.

Jammal described clean energy adoption as an economic imperative for Nigeria, stressing that it reduces power costs, enhances competitiveness and enables communities.

“As more countries move towards sustainable solutions, clean energy for Nigeria is not just an environmental choice but an economic necessity,” he said.