Connect with us

General News

Nebo, Johnson Back Omatek Moves to Cut Nigeria’s Power Consumption By 85%

Published

on

Dr. Omobola Johnson, minister of Communication Technology and other dignitaries on a tour of Omatek facilities and the newly commissioned solar solutions, while Mrs Florence Seriki, chief executive officer, Omatek explains the processes.
Kindly share this post

 

Professor Chindu Nebo, minister of Power and his counterpart in the Ministry of Communication Technology, Dr. Omobola Johnson, on Monday described as iconic, the moves by Nigeria’s integrated Information and Communication Technology (ICT), Omatek Ventures Plc, to address Nigeria’s lingering electricity supply challenge through deployment of solar (technology) solutions to reduce power consumption in Nigeria by as a much as 85%.

Giving credence to the relevance and efficacy of the solutions during the unveiling in Lagos, Nebo said that Omatek has demonstrated the heartbeat of the present administration in tackling the perennial power challenge through alternate power sources and distribution.

The Power Minister said,  “This kind of initiative makes it possible to live off-grid and this means you don’t need to be connected to the national grid before you can get efficient power supply to handle your home, office and industrial activities.

“Omatek has also demonstrated in line with Federal Government Policy. President Goodluck Jonathan has asked us to develop a renewable and energy efficiency policy which is at the final stage of implementation, we only the President’s approval to go ahead with the implementation.  With the implementation, we believe it is something that will liberate Nigeria.

“Nigeria has never had a renewable and energy efficiency policy and what Omatek has demonstrated here in terms of solar power supply and LED indicate that they know exactly what the government wants to do because this imitative is perfectly in tandem with the policy of the Federal Government of Nigeria”.

Nebo said that with regards to LED bulb, Omatek has shown that everyone, not just companies, every Nigeria can cut power consumption by anywhere from 70 to 90 per cent.

“In other words, if your electricity in a month is N10,000, you can reduce to N3000 if you use LED bulb  and this bulb conserves a lot of electricity. For a hundred watts of regular bulb, if you have a five watts of LED, it will serve you the same purpose, give you the same luminosity so at the end of the day, the whole country would benefit and what we are saying is this: If the whole of the country put LED in use, it will free us 1,200 megawatt of power for industry, manufacturing, SME and industrial revolution will further boom.

“So, this is a clarion call to all Nigerians to begin the process of modification of making all our offices LEDified, all homed lEDified. In fact, new housing estate shouldn’t get approval until they demonstrate that they will use LED all through because that is the only way we can save a lot of energy we waste a lot in this country. So, we should start doing the right thing now.

“Another of looking at it from the LED and conservation of LED is that when you free up 1, 200 megawatts of electricity for real-time good use- industrial, productive manufacturing functional use is like building a power plant. That kind of power plant would cost about half a trillion Naira and that is what you save and that is for the power plant. When that now comes down, it has multiplier effect”.

The event also witnessed the commissioning of the 12watts, 20 watts, 500 watts power solutions that replace the “I better pass my neighbour generator”, for small homes, shops, small and medium enterprises (SMEs), churches, rural electrification and rural system, street lighting implementation, schools and so son for students, farmers  among others.

According to the Minister, “we just commissioned is a home solution, whether it is small home, kiosk solution, shop solution, SME and big solution. It is solar powered light integrated with Inverter, The days of ‘I better pass my neighbour’ generators are numbered. ‘I better pass my neighbour’generators kill. Many lives have died. But with this new solar inverter integrated unit, one can get 24/7 power supply without having to use any fuel- no petrol, no diesel, no kerosene, no candle, nothing.

“You can light up your home with that and for bigger homes, you can get 500 watts, you can do a lot more things. But with 3 kilowatts, you can power your refrigerator, you fans and maybe, air condition. If you now move up to 10 kilowatts, that is for SME. I don’t see why evey SME cannot benefit from 10 kilowatt solution because it will solve all your power challenges as small business. Then, if you are a bigger ones, you can now move up t 50 kilowatts solution we have commissioned all these today.

“We thank Omatek for showing the way for Nigeria to follow in addressing its power challenge. We are actually at a point of a new era for the country where we would launch Nigeria into an industrial revolution.”

Also, Dr. Omobola Johnson, in her remarks during a visit to Omatke Factory said,  “I commend the management of Omatek for this initiative. We would continue to come up with policy that can help support your business through our local content initiative.

“More importantly, we urge Omatek to continue in its two lines of business: Computer assembly and solar technology solutions as the two are key to bridging digital divide and ensuring energy consumption efficiency in the country respectively.”
 
Already, Omatek, known for its innovations, has commissioned its 50KVA 3-phase off-grid solar solution factory that will represent the solar solution for factories, banks, telecoms firms, government and other organisations that require big power installations.
 
Off-grid solutions, on-grid solutions as well as LED bulbs were also displayed at the event, at Omatek factory at Oregun in Ikeja, and well attended by key stakeholders from the private sector who earlier in the day carried out facility tour of the Solar Installations implemented by Omatek at the Greenwood School, Corona and the Nigerian Stock Exchange.
 
Addressing the large audience that graced the event, Mrs Florence Seriki, chief executive officer, Omatek, said “These are all-in-one installations assembled locally and packed with Omatek’s solar, inverter, battery, controller in all-in-one carton and cane be self-installed.
 
“Omatek Solar Solution, which is a hybrid solution that provides 24 hours lighting/power Solution by use of our solar-led bulb-inverter hybrid solution; whilst providing 70 – 90 per cent cut/deduction in power consumption and drastically reducing power consumption by an average of 85 per cent on the overall grid; thus enhancing growth in the real sector and general economic development”.
 
According to her, “We have installed these solutions in schools, homes, offices and factories and proud to inform you that the education sector welcomed not just provision of power and green energy, the hostels and all reading areas have 24 hours lighting and this bridges the digital gap in our schooling system, as students had stopped reading in darkness.”
 
She also explained that, already, Omatek has almost completed the setup and the establishments of two local factories that will manufacture solar panels and the LED bulbs, saying only the all-in-one solutions are currently being produced locally.
 
Capturing key benefits inherent in the solar solutions, Seriki explained that the solutions “provides 24-hours alternate power/green energy for businesses, homes; provides 24-hour lighting solution to all; provides 24 hour solar energy and lighting solution for students, hostels, SMEs, homes, hostels, SMEs, small homes, shops; reduces power consumption by an average of 85 per cent by all; and well as providing affordable solar solution for continuous/uninterrupted lighting system.”
 
In addition, Seriki said the solar solution promotes safe and clean environment; reduces in fire risk by use of the LED solution and materials particularly used as well as bridging digital gap in the education system and enhance modern living and reduces cost of living and running businesses considerably.
 
“The Omatek LED bulbs will not require replacement for three to five years whilst the solar will last 25 years.  Duration of the batteries are for five to 10 years,” she added. ‎


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

General News

Pawnith Appoints Martina Ogbebor as Managing Director to Lead Strategic Launch into Nigeria’s Fintech Ecosystem

Published

on

Kindly share this post

The Board of Directors of Pawnith Limited has announced the appointment of Martina Ogbebor as Managing Director and Chief Executive Officer. The appointment coincides with the official launch of Pawnith as a sophisticated new entrant in Nigeria’s financial services and alternative investment landscape.

Pawnith Limited is a technology-enabled financial services platform established to address critical gaps in access to capital by delivering transparent, dignified, and scalable financing solutions.

The Board confirmed that Ms. Ogbebor’s appointment is central to a long-term strategy that combines the operational rigor of traditional finance with the speed, efficiency, and innovation of modern fintech.

Ms. Ogbebor brings over 15 years of senior leadership experience across the telecommunications and digital infrastructure sectors, where she has led brand transformations and nationwide revenue growth initiatives.

Her appointment signals Pawnith’s intent to build a high-trust financial institution anchored on strong governance, regulatory discipline, and long-term value creation.

“The Board is confident that Martina’s experience in building high-trust, regulated brands positions her uniquely to lead Pawnith at this critical stage,” said the Chairman of the Board.

“Her mandate is clear: to establish a disciplined capital platform that delivers rapid access to funding while upholding the highest standards of ethics, risk management, and corporate governance.”

Under Ms. Ogbebor’s leadership, Pawnith is launching a multi-segment capital model designed to evolve into a comprehensive financial services and alternative investment ecosystem.

The company’s initial portfolio spans personal credit solutions, offering short- to medium-term loans for salaried professionals with transparent pricing and rapid disbursement, alongside SME and business lending focused on working capital and growth financing to help entrepreneurs stabilise cash flow and scale operations.

The portfolio also includes asset-backed lending, providing secure, collateralised facilities that support fair valuations and flexible liquidity, as well as structured lending through a forthcoming private credit arm aimed at delivering institutional-grade financing to growing enterprises.

In addition, Pawnith offers private equity investment solutions, providing strategic growth capital to select businesses and partnering with founders to drive long-term value creation, stronger governance, and operational scale.

Pawnith’s digital infrastructure prioritises speed, security, and control. The platform features secure onboarding, automated Know Your Customer (KYC) verification, and structured repayment tracking to ensure a seamless and compliant experience for both individual and corporate clients.

“Pawnith is being built as a disciplined financial platform—one that customers, partners, and regulators can trust,” the Board added. “We are not a quick-win lender; we are building a cornerstone institution for Nigeria’s evolving credit and investment market.”

 


Kindly share this post
Continue Reading

General News

PalmPay Deepens Its Long-Term Commitment in Nigeria with New Office @ Yaba

Published

on

Kindly share this post

PalmPay has opened a new office at 33 Old Yaba Road, Lagos, reinforcing its commitment to innovation, customer service, and operational growth in Nigeria.

The new office represents a continued investment in PalmPay’s people, operations, and infrastructure, supporting the company’s ability to deliver reliable financial services at scale. Designed to accommodate PalmPay’s growing team, the workspace enables closer cross-functional collaboration while strengthening service delivery nationwide. Located in Yaba, one of Lagos’s most established commercial and technology corridors, the office further anchors PalmPay within Nigeria’s innovation and financial ecosystem.

Speaking at the office launch, Managing Director Chika Nwosu highlighted that the new workspace reflects PalmPay’s long-term vision and dedication to excellence. “This new office represents an important step in our growth journey and our commitment to building secure, reliable, and inclusive financial solutions for our users,” he said.

The launch event was attended by PalmPay’s leadership team, employees and customers, who toured the facility and marked the company’s continued growth and progress.

With the opening of its office at 33 Old Yaba Road, PalmPay continues to strengthen its presence in Nigeria and reaffirm its mission to drive financial inclusion through innovative digital solutions.

PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.

PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and processes up to 15 million transactions daily. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.


Kindly share this post
Continue Reading

General News

NAHCO Signs New Ground Handling Deals

Published

on

Kindly share this post

The Nigerian Aviation Handling Company Plc has announced the signing of a chain of contracts with major airlines for the provision of total handling solutions.

In a statement on Tuesday, the company announced the signing of contract renewals with Air France, KLM and Virgin Atlantic, as well as the African operator, RwandAir.

NAHCO also signed fresh contracts with United Nigeria – Regional, Bellagio and Malaikair.

According to the statement, the contracts with Air France and KLM are for three years and will run till 2028, respectively. The duration of the contract with Virgin Atlantic was also put at three years.

The duration for the RwandAir contract is for three years, effective 1 October 2025.

The statement read, “The new contract with United – Regional would be for a period of five years, effective from 1 August 2025. For Bellagio and Malaikair, the contracts are for three and five years, respectively.

“Bellagio Air, Nigeria’s rising star in aviation, is redefining air travel with a blend of luxury, efficiency, and reliability. Headquartered in the vibrant city of Ikeja, Lagos, Bellagio Air is committed to providing world-class service across key domestic and regional routes.”

The Group Executive Director, Commercial and Business Development, NAHCO Plc, Saheed Lasisi, who expressed his delight with the new contracts, said NAHCO is already ready to exceed customers’ expectations.

According to Lasisi, NAHCO’s more than 46 years of unblemished excellent service delivery puts it heads and shoulders above any other service provider in the industry.

“This is what we have been doing for almost half of a century. We will continue to delight our customers and make our stakeholders happy by exceeding expectations in all aspects of our service offerings. We are always willing and ready to do more,” Lasisi added.

The Group Managing Director/Chief Executive Officer, NAHCO Plc, Olumuyiwa Olumekun, added that with the new fleet of equipment the company is deploying, service delivery will only be better.

 


Kindly share this post
Continue Reading

Trending