Yellow Box from Lumos Solar Energy
The Niger Delta region is set to attract an indigenous solar energy company Lumos which has concluded a debt financing pact with All On a Nigerian off-grid energy investment company aim at providing affordable solar energy to Niger Delta homes, businesses and other interested organisations.
Lumos Company a celebrated solar home systems provider intends to deploy its highly successful Yellow box to various Niger Delta homes to illuminate them.
At a media event signing ceremony and press conference held in Port Harcourt, Rivers state last week Friday Mr. Houssam Azeem the Managing Director of Lumos was full of excitement on the prospect of utilizing the loan and what its impact will be on the Niger Delta region.
Lumos Yellow Box Powering Fan & Television
According to Azeem “this debt facility from All On further cement the strategic relationships between Lumos Nigeria and All On and it is geared towards the penetration of Lumos Solar Home Systems in the Niger Delta region and indeed across Nigeria. Responding, the Chief Executive of All On Dr. Boer Wiebe disclosed that the partnership comes three months since it announced its first set of transactions in Nigeria off-grid market.
Dr. Wiebe added that the partnership also came after his company All On and United States Africa Development Foundation (USADF) announced a $3 million to expand access to energy for undeserved and unserved markets in Africa.
According to Wiebe “our investments in the energy solutions providers further demonstrates our firm belief that off-grid energy is indispensable in the improvement of Nigeria’s energy narrative. It, therefore, deserves adequate attention and financial backing from both the public and private sectors”
Mr. Olufemi Ashipa the Vice-President of Lumos also speaking during the occasion re-iterated the resolve of the company to meet the energy need of poor and underserved communities. “We believe in supporting communities by improving the quality of life of inhabitants while powering one household, one family, one pharmacy, one barber shop, one community health care centre and one micro business centre at a time”
Not only are we providing energy solution to meet their basic needs the system is simple and easy to use giving you clean solar power at the push of a button”.
Most of the other stakeholders who spoke during the event hammered on the need to pass the Petroleum Industry Bill (PIGB) so as to attract the much-needed investment into the petroleum sector and galvanise the needed growth needed in the country.