Nigeria’s expenditure for power distribution is currently on the rise whereby N7 trillion is accounted as annual expenses to generate renewable energy. The virtual new conference hosted by Stephen Ogboko in Lagos — revealed this outraging expense while attempting to weigh the possibilities of innovating the Nigerian tech sector.
The virtual news conference was themed “Analysing the Benefits of Technological Innovation,” focused on cleansing the polluted power sector with adequate renewable energy for supply. The virtual news conference aimed at adding value to the Nigerian power sector has been less productive but demands more investment to fuel operations.
For context, the power supply in Nigeria is inadequate with a poor network of electrical cables. Underserved regions in Nigeria do not experience electricity despite these huge amounts of investment that are expected to yield massive energy distribution nationwide.
The Nigerian power sector happens to be otherwise, whereby several businesses that depend on renewable energy supplied to bolster sales have reportedly sought alternative means of energy supply.
According to Chief Operating Officer, Off-Grid Tech Solutions Ltd, Stephen Ogboko, he enlisted Nigeria amongst African countries that require sufficient power supply to bolster national economic growth —“a significant amount of the economy is powered largely by small scale generators.”
While those with no alternative option for energy supply influence 70% of Nigeria’s population — “this could be effectively tackled with the deployment of off-grid renewable energy solutions by making electricity more cost-effective and environmentally friendly.”
This tech innovation is reportedly a means of managing a cost-efficiency distribution of power supply in Nigeria — “this is cost-effective and lasting solutions to societal problems.”
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Nigeria’s expenditure for power distribution is currently on the rise whereby N7 trillion is accounted as annual expenses to generate renewable energy. The virtual new conference hosted by Stephen Ogboko in Lagos — revealed this outraging expense while attempting to weigh the possibilities of innovating the Nigerian tech sector.
