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

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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.
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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. ‎


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Guinness Nigeria Sustains Growth Momentum in Q4 Amid Market Headwinds

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Guinness Nigeria Plc has announced its unaudited financial results for the twelve months ended 30 June 2025, reporting a remarkable turnaround in performance despite a persistently challenging economic environment and an intensely competitive landscape.

The announcement comes in a landmark year for the company, as Guinness Nigeria celebrates 75 years of operations in Nigeria—a testament to the enduring strength of its brands, its people, and its commitment to brewing excellence.

In the period under review, the company delivered strong topline growth, with revenue rising by 65.8% to ₦496.6 billion, up from ₦299.5 billion in the previous year. Gross profit grew by 62.2% to ₦148.3 billion, while operating profit rose by 86.6% to ₦47.4 billion. Most notably, the company returned to profitability with a net profit after tax of ₦16.2 billion, compared to a ₦54.7 billion loss recorded in FY24.

These results reflect Guinness Nigeria’s focused execution of its strategic priorities, disciplined cost management, and the resilience of its people and portfolio.

Commenting on the performance, Prof. Fabian Ajogwu, SAN, Chairman of the Board, said: “This strong turnaround speaks to the quality of leadership, clarity of vision, and strength of governance at Guinness Nigeria.

“As we mark 75 years of doing business in Nigeria, this performance underscores our long-standing resilience and commitment to value creation. The Board remains confident in the company’s long-term strategy and is committed to sustaining this momentum for our shareholders and stakeholders.”

Girish Sharma, Managing Director/CEO, added: “These results reflect our team’s focus, agility, and deep connection with our consumers. We have set a clear ambition—to be one of the best performing, most trusted, and most respected consumer products companies in Nigeria.

“That ambition is driving us to build a high-performance organisation with an entrepreneurial spirit. While the external environment remains dynamic, we are building on this momentum with confidence and purpose.”

Guinness Nigeria remains committed to delivering long-term, sustainable growth while continuing its legacy of enriching lives and communities across the country.

 


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FintechNGR Rejigs Nigeria Fintech Week with Multi-location Model

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L-r: Mrs. Isioma Udeozo, CEO, Opolo Global Innovations / FAL Partner; Dr. Stanley Jacob, President, FintechNGR; Dr. Jameelah Sharrieff-Ayedun, vice president, FintechNGR and Chair, NFW Committee; Uche Uzoebo, CEO, SANEF; Seun Folorunso, Director, Advocacy & Programs, FintechNGR at the media interaction to herald 2025 Nigeria Fintech Week held in Lagos on Wednesday.
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With the fast-evolving financial technology ecosystem, FintechNGR plans to restructure the model of Nigeria Fintech Week (NFW) coming up between October 7–9, 2025, with a next-level, bold experience and movement uniting over 20,000 multi-industry stakeholders across Africa’s digital landscape.

As part of the restructured model, the event will take place as a multi-location experience, bringing activities to Abuja, Delta, and Enugu, while the main event unfolds at the Landmark Centre in Lagos. This inclusive structure allows for broader access and reflects the national impact of fintech across all geopolitical zones.

Dr. Stanley Jacob, President, Fintech Association of Nigeria, disclosed this at a press conference in Lagos on Wednesday, where the Association officially unveiled the direction for the 8th edition of Nigeria Fintech Week (NFW25), themed “The Fintech Ecosystem Symphony: Orchestrating Nigeria’s Digital Future.” This edition will spotlight how harmonised efforts across government, startups, corporates, and investors can accelerate financial innovation and inclusion across the continent.

According to him, “We’re no longer just an association; we are a movement. NFW25 is where partnerships will be born, sectors will be reimagined, and Nigeria’s digital economy will be orchestrated like a grand symphony.”

Since its inception in 2017, Nigeria Fintech Week has emerged as the continent’s foremost fintech convening – a catalyst for market-shaping conversations, regulatory advancements, and investment deals.

Dr. Jameelah Sharrieff-Ayedun, Vice President and Chair of the Organising Committee, noted that this year’s expansion across multiple cities was designed to enhance accessibility, financial inclusion, and grassroots innovation. “Fintech is no longer for a select few. From the aviation sector to agriculture, from secondary school students to startup founders, this year, everyone has a seat at the table.”

Whether you’re a startup, policymaker, enterprise, student, creative or influencer, developer, or fintech enthusiast, your voice matters in this symphony. As Ms. Uche Uzoebo of SANE puts it, “Even food companies, schools, and churches are now digitizing. NFW25 is where they find solutions and partnerships.”


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Unmasking Nigeria’s Food Safety Crisis: A Dual Pathway to Public Health and Global Competitiveness

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By Diana Tenebe, COO, Foodstuff Store

Nigeria, often heralded as Africa’s economic powerhouse and most populous nation, is grappling with a silent epidemic that exacts a devastating toll on its citizens and stifles its economic potential: a pervasive food safety crisis. This isn’t merely a matter of occasional discomfort; it’s a grim reality where over 200,000 Nigerians perish annually from foodborne illnesses, inflicting an estimated economic burden of US$3.6 billion each year. The current state of food safety is not just a public health nightmare; it’s a significant impediment to the nation’s economic growth and global trade aspirations, demanding immediate, comprehensive attention.

The challenges plaguing Nigeria’s food supply chain, from farm to fork, are multifaceted and deeply entrenched. Across the vast landscape, inadequate practices, weak enforcement mechanisms, and a widespread lack of awareness among both consumers and food handlers contribute to this grave situation. Unhygienic food handling, poor storage conditions, and the pervasive use of contaminated raw materials are disturbingly common, particularly within the vast informal food sector. This sector, a lifeline for many Nigerians, often operates without the most basic amenities, such as running water, adequate refrigeration, or proper waste disposal. The problem is further compounded by insidious issues like food fraud, deliberate adulteration of products, and the indiscriminate misuse of agrichemicals, leading to numerous documented cases of mass poisonings and tragic deaths across the country. A critical and alarming finding is the glaring absence of an organized system for monitoring food safety issues. This systemic failure means that incidents are often misclassified, under-investigated, and consequently, the true scope of the problem remains obscured.

Beyond the immediate public health ramifications, the ramifications of Nigeria’s weak phytosanitary policies and inadequate regulatory oversight ripple into the international arena, costing the nation millions in lost export revenue. The repeated rejection of Nigerian agricultural products by discerning international markets, including the EU, US, and various Asian countries, due to contamination from pesticides, aflatoxins, and pest infestations, severely limits market access and fundamentally undermines the nation’s agricultural competitiveness. The seven-year EU ban on Nigerian bean exports, initiated in 2015 and costing the country millions, stands as a stark and painful reminder of these systemic failures. It underscores the urgent need for a robust and internationally recognized food safety framework if Nigeria is to truly unlock its agricultural potential on the global stage.

Crucial regulatory bodies like the National Agency for Food and Drug Administration and Control (NAFDAC) and the Standards Organisation of Nigeria (SON), along with policies such as the National Policy on Food Safety (NPFS), are in place to ensure food safety in Nigeria. However, their full effectiveness faces ongoing challenges in implementation and enforcement.

These challenges often stem from overlapping responsibilities, insufficient funding, and a need for greater collaboration among the various agencies. Additionally, current legislation lacks comprehensive traceability requirements, which can make it difficult to identify the origin of contamination and assign accountability. Furthermore, certain traditional cultural practices sometimes present a barrier to the widespread adoption of modern, hygienic food handling standards.

Overcoming these formidable hurdles requires a concerted, multi-pronged strategy. For customers, fostering a culture of food safety is imperative. A pivotal step in addressing this crisis lies in empowering consumers through comprehensive public awareness campaigns and readily accessible food safety education. These initiatives must be presented in simple, digestible formats, perhaps through a “food safety culture toolkit” that demystifies complex information. Education should emphasize the critical importance of personal hygiene, safe food handling, proper storage, and effective preparation practices, all aligned with the World Health Organization’s (WHO) internationally recognized “Five Keys to Safer Food.” Also, promoting the widespread adoption of robust risk assessment and management tools, such as Hazard Analysis and Critical Control Points (HACCP) systems, is vital for food businesses of all sizes. This proactive approach can significantly mitigate risks throughout the food production process.

For market competitiveness, elevating standards and enforcement should be the goal. To enhance Nigeria’s global market competitiveness, a strategic focus on strengthening regulatory oversight is paramount. This includes substantial investment in modern testing and quarantine infrastructure, which is essential for meeting stringent international standards. Furthermore, establishing a more coordinated and effective phytosanitary enforcement authority will streamline processes and ensure compliance. By improving these standards, Nigeria can drastically reduce export rejections, enhance its credibility in global trade, and unlock immense opportunities presented by schemes like the UK’s Developing Countries Trading Scheme (DCTS), which offers duty-free access to over 3,000 Nigerian products. Crucially, enacting the comprehensive National Food Safety and Quality Bill is a vital legislative step, along with ensuring greater involvement and capacity building for state and local authorities in food safety enforcement.

By prioritizing food safety, Nigeria stands at a critical juncture where it can not only safeguard the health and well-being of its citizens but also significantly boost its agricultural exports, attract much-needed foreign investment, create sustainable jobs, and ensure overall economic prosperity. This is not merely a regulatory issue; it is a fundamental pillar of national development.


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