A leading Nigerian renewable energy Company, GreenPower Overseas Limited has said Nigerians can now purchase electricity generated by a solar generator using their mobile phones, making it easy and convenient for them to access clean energy.
In 2020 and 2021 Nigeria spent a whopping $5.26bn to import generators and other electrical machinery and equipment. The intensive and widespread use culminated in making Nigeria the highest importer of Premium Motor Spirit (PMS) and diesel generators in Africa.
Nigeria can only daydream about industrial revolution if there is no stable and cheap electricity supply to the teeming Nigerian consumers. The best way to incentivise the micro, small and medium enterprises, which are the pillars of economic growth and development, is when there is stable and cheap power to profitably run businesses.
The fuel subsidy removal will be an opportunity to spike Nigeria’s renewable energy revolution with growth in the upstream sector. Also, electricity subsidies have to be looked at as well. This will help us get rid of corruption in the system and help the energy market thrive so investors can invest in the sector.
A new report by the International Renewable Energy Agency (IRENA) reveals that Nigeria is the leading importer of premium motor spirit (PMS) and diesel generators in Africa. Many businesses and households in Nigeria rely on backup generators because of problems with the power supply. The high cost of grid electricity is another major factor.
ColdHubs operates by building cold rooms in market places, 54 of which are self-operated in outdoor markets – as well as two refrigerated trucks, so that sellers at a fee can store their unsold produces for some days until they are ready to sell them.
Announcing this in Lagos, the Managing Director, ENGIE Energy Access Nigeria, Bankole Cardoso, said the achievement underlines its unwavering commitment to improving the lives of Nigerians across the country, particularly those in underserved and unserved rural communities.