Africa PPP Advisory Services alongside TetraTech International Development (formerly WYG International) is delivering the FCDO-funded United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), a £72.8m technical assistance facility which aims to improve the lives of some of Nigeria’s poorest people by improving the way infrastructure is designed and delivered in the country.
Working with the Federal Government of Nigeria, and selected state governments and the wider international community, it aims to catalyse a transformational change in livelihoods across Nigeria by unblocking obstacles to growth.
This assignment builds on existing studies on what it would take to realise the FGNs ambition to scale up the Solar Home Systems (SHS) market in Nigeria to reach the Economic Sustainability Plan target of 5 million new connections by 2023. In particular, the Task Order team will adopt a market systems approach to addressing the barriers and market failures that will support the development of a viable and sustainable market for SHS in Nigeria.
The task will require development of Sustainable Financing Models that can be used by the REA to support SHS suppliers in accessing the proposed CBN intervention fund for working capital finance. The proposed financial models will address a key barrier for existing and potential supplier companies as established in numerous studies – working capital for manufacturing and shipping costs, by demonstrating the capacity of potential borrowers to conveniently service and repay concessionary finance accessed to fund their working capital requirements.
Specifically, the project team will:
• Review existing SHS funding challenges including the examination of current operating and financial models of existing suppliers focusing on the working capital barrier and identify what needs to be done in order to attract and harness use of blended financing as required to ensure universal access for households, particularly in unserved and under-served communities.
• Provide the REA with the technical assistance required to provide the market development and due-diligence services required to select potential investors/suppliers to access the CBN intervention loans being made available through the commercial banks (including viable financial models that can be used for determining and evaluating SHS working capital funding and borrowing requirements, as well as affordability)
• Conduct a high-level targeted analysis on key lending parameters to ensure and sustain the viability of proposed financial models for SHS market players drawing on existing or ongoing studies.
• Engage with DFIs and private sector finance providers to gauge appetite for provide SHS financing based on a blended finance approach to providing sustainable finance to the sector.
This is a fixed term role, as part of the overall UKNIAF Infrastructure Finance Component team.
Specifically, you will:
• Develop a workplan and delivery timelines and dependencies for completion of the assignment.
• Conduct a high-level targeted analysis on key lending parameters to ensure and sustain the viability of proposed financial models for SHS market players drawing on existing or ongoing studies:
o Collate and curate existing demand and affordability data, analysis and insight reports from existing studies and available data
o Collate and analyse market research to calibrate and validate product pricing at levels that match affordability data in underserved communities
o Explore current and future payment solutions as necessary to validate demand forecasts and assumptions that underpin the proposed financial models
o Produce market research report on SHS product pricing, affordability and existing and emerging consumer payment solutions.
KEY PERFORMANCE INDICATORS (KPI’s)
• Produce inception report with detailed understanding of scope, workplan – interdependencies, risks and timelines for completion of the assignment.
• Satisfactory and timely delivery of quality outputs.
• Produce market research report on SHS product pricing, affordability and existing and emerging consumer payment solutions, drawing on existing studies.
The ideal profile will include the following:
• Must have a CFA and or Alternative Investment Analysts training
• Bachelor’s degree in business, Finance, Economics, Engineering or related fields (Required)
• Masters degree in any of the above or other relevant specialism, an advantage.
• Minimum of 7-10 years relevant professional transaction advisory experience in the off-grid sector.
• Experience supporting the successful delivery of interventions and/or programs in the off-grid sector. Experience of SHS value chain, a particular advantage.
• Experience advising government and building capacity across the off-grid sector. Familiarity with the REA an advantage.
• Demonstrable knowledge and experience of Solar Home Systems an advantage.
• Knowledge of FCDO rules and procedures for programme management is preferred.
• Strong leadership, interpersonal and organizational abilities, as well as excellent written and oral communication skills.
• Strong demonstrable proficiency with Microsoft Office (Excel, Word, Power Point). Financial modelling skills in excel is essential.
• Demonstrated ability to work effectively independently and constructively with diverse, inter-cultural, and high impact teams in different locations.
• Commitment to contributing to the development of a healthy, collaborative, learning, productive and supportive working environment and to the highest levels of integrity and excellence.
The position is based in Abuja. But as a result of COVID19 restrictions, most UKNIAF roles are being delivered remotely. Some out of hours work might be required.
Interested candidates should please send their CVs to firstname.lastname@example.org on/before 00:00 GMT+1 December 13 2020.