Rural Electrification and Sustainable Planning of Sukuk Financing within the Isolated Communities in Nigeria: Using Investment and Blockchain Technology

Abstract

The Renewable Energy system enhances rural communities' development in the country, specifically in North-East and North-West, Nigeria. The ability to overcome extreme poverty and improve their living conditions is related to the renewable energy technology available. The rural electrification planning approach consists of socioeconomic, environmental, and institutional sustainability dimensions. This study establishes specific objectives to achieve sustainability in rural electrification programs. Conceptual frameworks are proposed for achieving universal access anywhere with similar experiences. The methodology is proposed to 3000 isolated communities in North-East and North-West, Nigeria that lack electricity. Three different strategic approaches are formulated as a research-based investment analysis framework. Confirmatory Factor Analysis under Structural Equation Modelling is shown in Figure 2. While figure 3 addressed the technology aspect through blockchain technology. The findings of this work are intended to contribute to the improvement of rural electrification programs with Renewable Energy (RE) of the solar system.