Off-grid solar will transform business in Nigeria

Off-grid solar will transform business in
Nigeria

Access to power is a major
constraint for Nigeria’s SMEs, and thousands are now using
the Lumos Mobile Electricity service, which provides
customers with reliable, clean, affordable solar
electricity

LAGOS, Nigeria, August 18, 2017/
— The people behind one of the fastest growing off-grid
solar companies in Africa have said that the mobile solar
revolution will transform Nigeria’s small-business
economy.

Access to power is a major constraint for
Nigeria’s SMEs, and thousands are now using the Lumos
Mobile Electricity service (www.Lumos-Global.com), which provides
customers with reliable, clean, affordable solar
electricity.

Lumos Nigeria CEO Yuri Tsitrinbaum believes
the availability of solar solutions will play an essential
role in efforts to bridge the nation’s electricity supply
gap. He says that businesses without access to the grid find
alternative electricity sources expensive, unreliable and
dirty – many are now discovering that the clean energy wave
sweeping across Africa can transform their fortunes.

A
recent survey conducted by NOIPolls revealed that 61% of
SMEs in Nigeria spend between 500 – 1000 per day on
fuel, and an ODI survey has indicated that as many as 85% of
micro and small businesses rely on generators for supply of
electricity. With the Mobile Electricity service, costs are
as low as 150 per day, or just 4,500 per
month.

Lumos’ Mobile Electricity service, in partnership
with MTN, is an alternative to noisy, polluting generators.
Available at MTN stores nationwide, the Y’ello Box is
providing a solution to millions of Nigerians who don’t
have access to reliable electricity.

Lumos, which has
attracted major investors into the Nigerian economy, has
witnessed a rapid rise in the number of SMEs thriving thanks
to safe, reliable and affordable power from the Y’ello
Box.

SMEs have found the Mobile Electricity service
attractive as they can benefit both from its affordability
and reliability, doing away with fuel and maintenance costs.
With the Y’ello box, SMEs can increase their trading
hours, and their profits.

On a visit to SMEs and health
clinics using the Y’ello Box earlier this year, US
Ambassador to Nigeria Stuart Symington praised the service
for helping people keep their premises open later, adding
that the service would help Nigeria “fulfill its full
economic potential”.

Yuri Tsitrinbaum said: “We are
witnessing a power revolution in Nigeria. Our everyday lives
demand more access to electricity, and we need to meet that
demand in order for businesses to grow. If we are to meet
the true potential of the thriving business community here,
access to power must follow the path of the mobile
revolution.

Today, Lumos is already providing clean and
affordable solar power to more than 200,000 people, many of
whom are business owners and households. By the end of the
year, Lumos aims to provide 1 million Nigerians with access
to reliable, clean and affordable
electricity”.
Distributed by APO on behalf of Lumos
Global.

View multimedia
content

© Scoop Media

 

Leave a Reply

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

*

three × four =