Nigerians Spend N7trn Annually On Power Generation

Posted by African Examiner African News, Featured, Latest Headlines, News, News Across Nigeria, News From The State Monday, July 26th, 2021

(AFRICAN EXAMINER) – Nigerians, and by extension, their businesses, expend about N7 trillion annually on power generation, a Renewable Energy expert, Mr Stephen Ogboko, has said.

Ogboko, also the Executive Director and Chief Operating Officer, Off Grid Tech Solutions Ltd., made this known at a virtual news conference in Lagos.

He spoke on the theme: “Analysing the Benefits of Technological Innovation.”

According to him, this is inefficient, expensive, noisy, polluting and of poor quality.

He said that inadequate power supply had been a major challenge facing businesses in the country, forcing them to source for alternative power supply for their operations.

The executive director said: “Nigeria is among the countries with a very high need of electricity.

“A significant amount of the economy is powered largely by small scale generators and almost 50 per cent of the population have limited or no access to the grid.

“This could be effectively tackled with the deployment of off-grid renewable energy solutions by making electricity more cost effective and environmentally friendly.”

He described renewable energy from off-grid resources as sustainable and cost-effective for farmers and Small and Medium Enterprises (SMEs).

Ogboko said the Off Grid Tech Solutions Ltd. partners with the global innovators of off-grid solutions to provide reliable.

He said: “This is cost-effective and lasting solutions to societal problems toward improving the lives of people in developing nations.

“Our team of experts have worked all over Africa, and continue to work to provide solutions to a variety of sectors.

“We have marketed and delivered smart off-grid solutions for many years, providing permanent, efficient, safe and affordable solutions.”

Ogboko said that the firm specialises in the marketing of heat lamps and incubators, gas powered air conditioners and cooling fridge, mobile power solution-solar energy box, pressure cookers, among others.

He said that notable partners of the initiative were the Federal Ministry of Agriculture and Rural Development (FMARD), United Kingdom Department for International Trade (UK-DIT), International Institute of Tropical Agriculture (IITA), All Farmers Association of Nigeria (AFAN), Buckler Group, and Tywit.