Technology Solar power project

Published on December 6th, 2011 | by Olumide Adeleye

1

Nigeria’s Power Problem May Soon Come to an End

It’s well known that Nigeria suffers from epileptic power supply. Like someone said, we changed the name from National Electric (Eplileptic) Power Company to Power Holding Company of Nigeria but it didn’t fix the problem. With billions of dollars spent, Africa’s largest nation is yet to have reliable power supply. Her citizens use loud generators which are expensive to maintain and not very effective. It is touted by many that if Nigeria’s power situation can change for the better, the country will develop faster as it would be a major incentive for local production.

But it seems that hope is hanging around. Not in the government, which has always been generous with promises but stingy with fulfilment, but in the private sector. The good news may be coming all the way from Zimbabwe.

Zimbabwe’s richest man, and Chairman of Econet Wireless, Strive Masiyiwa is venturing into solar energy. He will be doing this through his company’s subsidiary, Econet Solar. Econet Solar has launched a device known as the Econet Home Power Station. It allows people to use energy at a relatively lower cost (compared to current solar devices in Africa).

The best part of it is that users will pay for their energy using scratch cards. The device will contain a sim card and will be connected as to a phone network. Users would only have to recharge as necessary.

If this technology gains ground in Zimbabwe, Nigeria may become the next major market for it.


Tags: , , , ,


About the Author

Olumide Adeleye, CEH, MCTS, ITIL, ITSM is an entrepreneur and Media Consultant. He runs Twim Academy, a school of media and creative arts located in Nigeria, as well as Twim Studios (a photography and video production outfit). He blogs, speaks & writes about IT, self development & finance via a number of leading media. Follow on Twitter: @OlumideAdeleye.



One Response to Nigeria’s Power Problem May Soon Come to an End

  1. Go Solar says:

    It's good to know because this Nigeria’s Power Problem May Soon Come to an End. Well that's a good news.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge

Back to Top ↑

Subscribe to Kudizone for Finance Updates

Subscribe by email to receive the best information about Nigerian Finance on the internet. Rest assured, we will never spam you.

Enter your email address:

Delivered by FeedBurner