Solar home systems provider Lumos has secured $35 million in new financing from the U.S. International Development Finance Corporation (DFC). The financing will enable Lumos to deploy 160,000 new solar home systems, which will be used to power households and small businesses across Nigeria.

With more than 160 million people in Nigeria living with poor or no access to the electricity grid, the DFC financing will help Lumos reach new customers and seize the country’s enormous potential...