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itel Energy Expands Footprint to Nigeria with Clean, Reliable Energy Solutions

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itel Energy has expanded footprint into Nigerian renewable energy market with the launch of its cutting-edge energy solutions.

Nigeria CommunicationWeek reports that Itel Energy is a one-stop solar solutions firm that offers a range of products, including inverters and batteries for durable and cost-effective energy plans, tailored to meet Nigeria’s unique energy challenges.

Speaking at the launch held on Friday at Marriott hotel, Ikeja and themed: “Light up Nigeria” Mr. Andy Yan, CEO, itel Energy said that their aim of coming into Nigeria’s renewable energy market is to provide Nigerian households with clean and reliable energy solutions.

According to him, “itel has always been driven by a commitment to making technology accessible and improving the quality of life for our customers. With over a decade of experience in the Nigerian market, we understand the challenges people face, particularly with unreliable electricity.

“Moving into solar energy is a natural extension of our mission to provide affordable, innovative solutions that meet the specific needs of Nigerians.

“We saw a significant gap in the market for reliable, cost-effective energy solutions, and with itel Energy, we aim to fill that gap by offering products that deliver clean, dependable power to every Nigeria homes across the country”.

Highlighting how it plans to address the specific energy challenges faced by Nigerians, Yan stated that with their knowledge of Nigeria’s climate and terrain, having been in the country for over 10 years, it plans to bring to the sector bespoke high-performance Energy storage solutions that are designed specifically for Nigeria’s climate and energy needs.

Adding that its products are robust, weather-resistant, and capable of handling the frequent power fluctuations common in Nigeria.

He further emphasized that their solutions are cost-effective, tailored to make clean energy accessible to a broader segment of the population, ultimately contributing to a more stable and sustainable energy landscape.

Equally, Ms.Farrah Huang, Global Marketing director, itel Energy, while giving insights about the products said that their flagship products are IP54 and IP66 inverters, which he said were designed to meet the highest standards of performance and durability.

“Our IP54 and IP66 inverters are our flagship products, designed to meet the highest standards of performance and durability.

“The IP54 inverter is designed for indoor use, providing excellent protection against dust and water splashes, making it ideal for homes.

“The IP66 inverter, on the other hand, is designed for outdoor use with a higher level of protection against water and dust ingress, making it perfect for harsh weather conditions.

“Both models boast advanced power conversion technology, high energy storage capacity, and seamless integration with existing power systems.

“They are built to withstand Nigeria’s high temperatures and rainy seasons, ensuring reliable performance even in challenging environments”.

On the cost-effectiveness and efficiency of its products Ms. Huang, noted that their products were designed to provide superior energy conversion rate and greater storage capacity.

This, he said would enable customers get more value for their investment while enjoying long-term durable and customized energy solutions.

“Additionally, our inverters are engineered for long-term durability, reducing the need for frequent replacements and repairs.
“By offering customizable energy solutions, we help our customers save on energy costs while ensuring a reliable power supply.
“We also offer 3 years replacement with 5 years’ service warranty, and 5 years replacement with 5 years’ service warranty, for our IP54 and IP66 inverters, which is a significant advantage over many other options in the market”, he concluded.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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NIMASA, BOI Partner to Grow Capacity In Maritime Sector

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Nigerian Maritime Administration and Safety Agency (NIMASA) and the Bank of Industry (BOI) have initiated discussions on strategies for capacity building in the maritime industry.

Dr. Dayo Mobereola, Director General of NIMASA, represented by the Executive Director of Maritime Labour and Cabotage Services, Mr. Jibril Abba disclosed this during a visit by the management of the bank led by Executive Director of Large Enterprises, Mrs. Ifeoma Uz’Okpala.

Osagie Edward, the agency’s Head of Public Relations, said in a statement that in addition to safety, security and maritime labour, the agency’s mandate encompasses capacity development aimed at growing the sector.

Also, Mobereola explained that NIMASA’s commitment to collaboration was a vital tool for achieving its mandate.

He said: “The aim is to actualise the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy.”

Also, Uz’Okpala affirmed the bank’s readiness to support NIMASA, emphasising the importance of collaboration in implementing a robust capacity-building initiative that would contribute to economic growth in Nigeria.

She noted: “Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80 per cent), the Central Bank of Nigeria (CBN) (5.19 per cent) and private shareholders (0.01 per cent).


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FG VAT Collection Up 9.11% to N1.56tn

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The federal government’s aggregate receipt of the Value Added Tax (VAT) in Q2 2024, stood at N1.56 trillion, indicating a growth rate of 9.11 per cent on a quarter-on-quarter (QoQ) basis from N1.43 trillion in Q1 2024.

The figure represents a 99.82 per cent increase compared to the N781.35 billion collected in the corresponding quarter of last year.

According to numbers released by the Nigeria Bureau of Statistics (NBS), On a quarter-on-quarter basis, the Q2 VAT rose by 9.11 per cent from N1.43 trillion in Q1 2024.

The data showed that local VAT payments recorded were N792.58 billion, foreign VAT payments stood at N395.74 billion, while import VAT contributed N372.95 billion in Q2 2024.

Analysis of the NBS numbers showed that human health and social work activities recorded the highest growth rate with 98.44 per cent, followed by agriculture, forestry and fishing with 70.26 per cent, and water supply, sewerage, waste management and remediation activities with 59.75 per cent.

Contrarily, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use had the lowest growth rate with –46.84 per cent, followed by real estate activities with –42.59 per cent.

In terms of sectoral contributions, the top three largest shares in Q2 2024 were manufacturing with 11.78 per cent; information and communication with 9.02 per cent; and mining and quarrying with 8.79 per cent.

“Nevertheless, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least share with 0.00 percent, followed by activities of extraterritorial organisations and bodies with 0.01 per cent; and water supply, sewerage, waste management and remediation activities with and Real Estate Services 0.04 per cent each.

“However, on a year-on-year basis, VAT collections in Q2 2024 increased by 99.82 per cent from Q2 2023,” NBS stated.


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GOCOP Partners NCDMB, EMADEB, Dangote, NCAA, Setraco, UBA, NCC, Others for 2024 Conference

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Partners for the eighth annual conference of the Guild of Corporate Online Publishers (GOCOP) have begun to emerge with the Nigerian Content Development and Monitoring Board (NCDMB), Emadeb Group and Dangote Group leading the train of partners for the event slated for Thursday, October 3, 2024 at the Reverton Hotel, GRA Lokoja, Kogi State.

The chairman of the 2024 Conference Planning Committee, Danlami Nmodu, mni, also listed other partners to include Nigeria Civil Aviation Authority (NCAA), Setraco Nigeria Limited, United Bank for Africa (UBA) and Nigerian Communications Commission (NCC), according to a statement by
GOCOP Publicity Secretary, Sir Remmy Nweke.

Nmodu was also quoted as saying that the eighth conference would center on the theme: “Nigeria: Tackling Insecurity, Power Deficit, and Transitioning to Digital Economy” and will hold on Thursday, October 3, 2024 from 10am. The keynote will be delivered by former governor of Cross River State, Senator Liyle Imoke.

Read Also: Imoke, Buratai, Maida, others to headline GOCOP 2024 conference in Kogi

Additional partners for 2024, he said, comprised the Nigerian Safety Investigation Bureau, Access Bank plc, Zenith Bank plc, First City Monument Bank (FCMB), Fidelity Bank plc, Sovereign Trust Insurance Plc (STI), Nigerians in Diaspora Commission (NIDCOM) and National Film and Video Censors Board (NFVCB).

A major highlight of this year’s conference, Nmodu said, is a business luncheon with GOCOP partners on Wednesday, 2 October, at the same venue, while the conference itself would hold on Thursday, October 3.

Nmodu noted that the 8th edition would be chaired by former Nigeria’s Ambassador to Spain, Alhaji Yusuf Mamman, with the former Nigerian Chief of Army Staff, Lt-General Tukur Yusuf Buratai (Retd) and the Executive Vice Chairman, Nigerian Communications Commission (NCC), Dr. Aminu Maida as Guest Speakers, while a Professor of Political Science at the Federal University Lokoja, Prof. Rotimi Ajayi and an edutainment communicator and veteran broadcaster, Ms Debrah M. Ogazuma are panellists.

Nmodu recalled that GOCOP conference 2023 was chaired by the JAMB Registrar and Chief Executive, Prof Ishaq Olarenwaju Oloyede, while the first Nigerian Professor of Capital Market, Prof. Uchenna Joseph Uwaleke was the keynote speaker.

Previous speakers at the annual conference consisted of Rev. Matthew Hassan Kukah, the Bishop of the Catholic Diocese of Sokoto who delivered the 2019 lecture on “Economy, Security and National Development: The Way Forward.”

In 2021, Mr. Boss Mustapha, Secretary to the Government of the Federation, keynoted the Conference in his capacity as Chairman of the Presidential Task Force on Covid-19. He spoke on: “Post Covid-19 Pandemic: Recovery and Reconstruction in Nigeria.”
In 2022, Professor Mahmood Yakubu, Chairman, Independent National Electoral Commission, delivered the keynote entitled “2023 Elections: Managing the Process for Credible Outcome.”

GOCOP was established to ensure that online publishers uphold the tenets of journalism.

Membership of the Guild is a constellation of editors and senior journalists who, having distinguished themselves in their various positions in the print and electronic media, ventured into online publishing which is both the present and future of journalism globally.

The Guild has over 104 corporate publishers as members.


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