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Home News Nigerians Spend N7Tn Annually On Power Generation

Nigerians Spend N7Tn Annually On Power Generation

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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 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 percent 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 Off-Grid Tech Solutions Ltd. partners with the global innovators of off-grid solutions to provide reliability.

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 has worked all over Africa and continues 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 the firm specializes 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.

Off-grid renewable energy solutions support expanding access to modern energy services in an environmentally sustainable manner.

Off-grid renewable will deliver a wide spectrum of electricity services for households, public services, and also serve commercial and industrial purposes.

Off-grid energy solutions are one of the key drivers of the nation’s push for industrialization.

© 2021, OG Dotnet. All rights reserved.

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