Despite the efforts of several administrations, insufficient and volatile force remains one of the main unrest in Nigeria.In this interview with Udeme Akpan, Ceo of Lumos Nigeria, PejuAdebajo, who spoke of a wide variety of topics, advocates the large deployment of renewable energies, especially solar, to revive the nation’s economy after the coronavirus pandemic.
There were some global conditions happening at the same time, one of which was the fitness pandemic, the coronavirus and, on the other hand, the oil shock, which led to a loss of revenue source for Nigeria, resulting in an adjustment of the national budget.
Many of our trading partners around the world are also suffering the effects of this fitness impact, and economies around the world face the prospect of a recession and a decline in GDP.Nigeria is no exception.
Sectors such as aviation, production and hospitality have been severely affected and even places of worship such as churches and mosques.Some, such as food and physical care, thrive.Restrictions on mobility and social distance have disproportionately affected many small or micro-enterprises.while some organizations give off staff, pay or don’t pay.
The federal government has done a lot and applauded these efforts because, despite declining revenues, the government has continued to make several interventions to manage the existing economic situation, for example, the CBN fund with reduced interest rates for businesses, the NIRSAL small business facility, a fitness fund and bills to others on the social register.Above all, the Economic Sustainability Plan (PES), which adds the plan to introduce five million domestic solar systems for twenty-five million other people.and a fair opportunity for the renewable energy industry.
We all know that force is essential for the maximum power of our operations. Energy and shipping account for between 40 and 70% of companies’ operating expenses. Many established organizations have resources to choose force to the grid (usually turbines) and, blocking, have had to run turbines for long hours, with the resulting load implications, making the desire for reliable force more urgent. Due to social estrangement, the desire for generation becomes very essential and generation depends on strength stability.
The energy is also for small businesses such as welders, hairdressers, barbers, tailors and others.Pre-COVID MSMEs accounted for about 90% of the labor force and 80% of the economy.grid or that do not have a normal force source is our number one priority in Lumos.Having a strong force in itself is a desire to address.
We are in a position to do more. We thank the government for addressing the challenge of the electric power sector head-on, we have to fix the system and it will take a lot of cash and perhaps a few years later, the government recognizes that with the decrease in the renewable energy charge, it has the maximum cash and cash. Renewable energy can be deployed in spaces that are too remote and simply not successful for the grid. Therefore, whether in regions where the grid is unreliable or where there is no grid, renewable energy, and especially energy Solar, given the amount of sun we have in Nigeria, makes the most economic sense.
Each crisis brings opportunities; the pandemic was an opportunity for the solar industry, and we’re in a position.Lumos is in a position of market leader in the industry with more than 100,000 active services in all states of the country.We have more than 700 installers and more than 60 mini-warehouses strategically located throughout the country.So we’re probably the only renewables, energy company that has a national presence with a giant active installed base.We are in a position to do even more to ensure that the government achieves the purpose of empowering everyone.
Our formula is very simple, it is composed of a panel, whether you place it on the ceiling or anywhere you can sunbathe and an indoor unit that has a battery, which converts and distributes the energy of the sun.is to connect your devices to the internal unit and without delay it becomes smooth.When we reached the market position five years ago, we first had a single product called “Lumos Classic”.We recently launched two other products, ‘Lumos Eco ‘y’ Lumos Prime’. The ECO has 70W DC and 60W AC strength, while the Prime has 100W DC and 8fiveW AC strength. These products can force energy efficient appliances like fan, television, radio, soft bulbs, computer for your fundamental convenience.
To buy a formula, pay at any Lumos store or Jumia.com and the formula will be delivered to your home.In 24 hours, an installer will install the formula, so in just 24 hours you will have access to reli power.very simple. It’s also incredibly easy to use.
Another peculiarity of Lumos is that we are offering a very convenient and user-friendly payment plan, our consumers do not have to go through the stress of putting a lot of money, because with Lumos you can pay in 48 months, that is., 4 years.
There is a case in development for more climate-friendly tactics to generate electricity.Of all other energy resources, solar energy has the least negative effect on the environment.
We are witnessing a solar revolution in the very near future, just as we had the banking revolution and the telecommunications revolution.Just as we have gone from a banking formula to next-generation banks, and from constant telephony to cell phones, we will move it from the centralized grid to decentralized and distributed power formulas.
Instead of following the cycles that other countries have gone through in which it had fossil fuels before moving on to renewable energy, Nigeria can jump and move more to solar energy, which is cost-effective, blank and environmentally friendly.This is an opportunity for the government to boost and this result.
We are grateful for the Economic Sustainability Plan recently presented through the Presidency to supply five million domestic solar systems to families and businesses.
This step is a popularity that this government understands that the simplest and fastest way to ensure that energy reaches each and every corner and crack of each and every corner of Nigeria is to deploy solar energy.
It’s very likely. Saving the implementation of the solar force for small businesses is a proven, smart and affordable way to force your business. For example, with Lumos, with only 5500 Naira consistent with the month, you can get solar power very temporarily on your premises and without delay save up to 70% on the operating load of your generator, getting rid of the acquisition of gasoline/diesel, maintenance/repairs, gas station transportation and voltage that we are passing through.
Therefore, making solar energy reach each and every corner and crack of each and every corner of Nigeria, which can be done very temporarily and economically, provides the rest of our people with a better quality of life.From a point of view, companies are more successful because less cash is spent on generators.This makes sense from many points of view, and making an investment in renewable energy deserves to be a pressing priority for the government.Lumos, as a market leader, is in a position to help the government expand the availability of solar power in Nigeria.
Our initial launch was with MTN, so locate Lumos at MTN’s top retail outlets across the country. Recently, in the fitness field, we partnered with All-on, an independent ghost agency, to supply home solar systems to Nigerian fitness services to combat the COVID-19 epidemic.These are examples of very successful partnerships.
With the All-on partnership, we deliver home solar systems to the fitness facilities of the Eti-Osa isolation center in Lagos, to the number one fitness centers in Oyo state.We have also worked with the Society for Family Health and others – government organizations to implement those systems in Nigeria.
We will continue to do more; We are partnering with more payment service providers because we want them to make sure our clients’ invoices are convenient Nigeria, for other people in the bank and unbanked. We will continue to work in these and other associations to obtain advantages for our clients and Nigerians in general.
Lumos is a successful business for business partners, so we are looking for additional suppliers and installers to penetrate the market more and bring products closer to neighborhoods, especially in underserved spaces across the network.
Currently, key parts of our products are imported, for example, the other categories of solar panels and interior decorations draw in other grades of price lists and VAT.The government urgently wants to revise the tariff regime for these critical solar products to allow import and then stimulate the production of local panel meetings in the near future.
Secondly, we want to meet the challenge of poverty in the country.In very rural communities, some other people place 5500 nairas a month without power.We would like the government to place incentives that take credit for the conditional money movement program to allow those families solar energy.
The third is education. It is a relatively new industry in Nigeria.The government can establish awareness programs to tell citizens that there is no need to bother neighbors with the noise of a generator and that there are alternatives.I think the government is doing well, especially with the five million solar house initiatives, but of course we’re asking more to make sure that solar is still affordable and available.
Finally, the sector must have access to an intervention budget at single digit interest rates to make uninterrupted investment a reality.
The government is already doing well and we need it to continue.For our current visitors, we must assure them that we know and perceive what Nigerians are going through, and we will continue to make our products affordable and providing the right service to the visitor.We also guarantee that Lumos will accompany you on your adventure towards a better way of life and help you manage your costs.Solar is here to stay and Lumos will be an integral component of working with the government, industry and all our commercial components to make some electrical energy for everyone.
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