Clinic business

Permanently solve the problem of electricity supply [ICT Clinic]

The story of the national grid collapse shocked millions of Nigerians. Citizens are already suffering greatly from this power supply problem, especially startups and the hundreds of thousands of freelancers who make up the gig economy.

How can a business survive in a country where there is no regular power supply and where the most available alternative, diesel, has now become exorbitant? It is truly unimaginable how organizations will get to the end of the year if nothing drastic is done.

The food situation is still shamefully catastrophic. It’s sad because we live in a highly competitive, knowledge-based and speed-driven economy and one continues to wonder how Nigerians, especially startups, can truly compete globally while maintaining low costs and remaining competitive?

There is no doubt that Nigeria needs a well-developed tech ecosystem to help solve the myriad of problems that technology can effectively solve. One thing, however, that is clear to all is that for technology to be of any meaningful use in solving some of our problems, some other infrastructure must actually be made available.

For me adequate electricity supply is super important to move our country forward and as we know electricity supply has been pretty epileptic for a very long time. Each government that takes power promises to find a lasting solution, but at the end of its mandate, no solution is ever found.

Many expected that the renaming and subsequent privatization of certain aspects of the value chain would provide the much-needed solution. Alas, the story remains the same for many individuals and businesses as they are forced to resort to using alternative energy sources, such as generators and, in some cases, solar systems to meet their needs. in energy. One most annoying thing is that despite the fact that Discos have failed to provide an adequate supply of electricity, they still send estimated bills to users to whom they have not provided prepaid meters to keep up. mind that millions of Nigerians simply cannot afford the extra costs demanded for such meters.

For many customers, there is no significant difference between pre-privatization and post-privatization of the sector because power failure is always a painful reality. This, in effect, imposes an additional cost burden on users, and this is consistent with the passing on of these costs to the prices of goods and services. Startups are struggling to keep up with the situation as they struggle to operate with generators, which is eating away at their cost structure deeply.

Power supply, at all levels, must be seen as a necessity if we are to deploy and propel the use of technology to solve our myriad problems. This is because electricity is the engine of technology. Ever since the Industrial Revolution when electricity became the backbone on which mass production relied, it has always been relevant in powering most of the innovations and inventions that have emerged. Most important today is Internet connectivity, which has transformed the world into a global village. Today, you can transact and do business with anyone, anywhere in the world, without leaving the comfort of your home or office with an internet-connected computer that needs ‘electricity. Most villages in the country are not yet connected to electricity; therefore, these places have trouble connecting to the Internet. Most ISPs are hesitant to set up in these areas as it would be a waste of resources to build towers in these rural areas as the return on investment would be almost non-existent.

I have always maintained that technology is there to make life much easier. With stable electricity in the country, the unemployment rate can be reduced to a bare minimum, as many unemployed people will take advantage of the stable electricity supply to access electricity-related jobs, such as welding, salons hairdressing and barbershops, internet cafe management, cold room for fish and meat, fashion design, etc. This is because they will run their business smoothly, without interruptions and without having to incur additional costs to run generator sets. It will also lead to a reduction in production costs for many industries, which will also lead to a reduction in the prices of goods and services.

Solving the electricity problem in Nigeria will also lead to a situation where our products can compete favorably for export, especially in the African market, thus opening a window for us to earn serious hard currency from exports. It is only when we export that our earnings can improve the strength of the naira against stronger currencies like the dollar and save us from the current exchange imbalance. NERC, which is the regulator of the electricity sector in Nigeria, should put Gencos and Discos on their toes to provide the best of services to electricity consumers in Nigeria.

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