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SOLAD Connects 10,000 Small Businesses to Affordable, Reliable Power
Solad Power Group, an operator in distributing energy solutions has announced that it connected 10,000 small business to affordable and reliable power across its portfolio of mini-grids in Nigeria, marking a significant milestone in the company’s growth and development.
Solad is a participant in Nigeria’s Rural Electrification Agency (REA) Mini Grid component under the Nigeria Electrification Project (NEP).
The company is a core investor in the Sura shopping complex, the Sabon Gari Market and a joint venture partner in the Virtus portfolio of decentralised energy projects across the country.
Collectively, Solad is an investor in, or operator of, 12 mini-grids across Nigeria, each of which provides clean, affordable and reliable power to market traders.
Solad focuses on under-served segments of the energy market, prioritising support for the millions of small businesses who struggle with access to unreliable or prohibitively expensive energy solutions.
SMEs make up 96% of all businesses operating in Nigeria, contributing nearly 50% of GDP and providing 84% of all jobs in the country. They consistently reference access to electricity as the single most important obstacle that they face.
To accelerate access, Solad has expanded the scope of its operations to include the provision of solar technology solutions for individual businesses, which will be rolled out alongside its integrated mini-grids.
An order for the first systems has been placed, with the roll out expected to begin in June 2021. The Company was approved as a Solar Home Systems (SHS) supplier by the Rural Electrification Agency (REA) in December 2020 and is now eligible for the Output Based Grant available under the Nigerian Electrification Project (NEP). Under the grant system, SHS suppliers are refunded 20% for every system installed, as an incentive to support the programme’s target of powering 1 million households and 90,000 SMEs.
The individual solar systems will be rolled out in markets that SOLAD has identified as part of its expansion programme and will enable businesses to access power immediately. Interested businesses are encouraged to register on the solad website.
Commenting on the agreement, Yewande Olagbende, Group Chief Operating Officer and Chief Executive Officer, Solad Nigeria said: “Connecting our 10,000th small business is an achievement we are extremely proud of, and a clear validation of the unmet demand for affordable and reliable power amongst Nigeria’s millions of small businesses.
“But this is just the beginning of our journey. In addition to our existing investment programme to roll out more mini-grids in market clusters across the country, we are now able to provide individual businesses and homes with dedicated power solutions that can be installed rapidly.
“This is an opportunity we are very excited about, allowing us to rapidly expand our customer base further.
“This is particularly important for households and small businesses which have been badly affected by the COVID-19 pandemic.
“Our ability to provide them with reliable power solutions that simultaneously reduce costs as well as mitigating the environmental damage associated with power generation means we can embed a sustainable, long term solution at a time it is most needed”.
Solad has embarked on an ambitious journey to install mini-grid solutions in 12 more markets across the South West of Nigeria over the next 2 years, adding more than 20,000 traders to its network.
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NERC Discloses $5.7 Million Debt Owed by International Customers for Q3 2024 Electricity Supply
Nigerian Electricity Regulatory Commission (NERC) has disclosed that international customers owe $5.7 million for electricity supplied in the third quarter (Q3) of 2024.
The debtors include Paras-SBEE and Transcorp-SBEE from the Benin Republic, Mainstream-NIGELEC from Niger, and Odukpani-CEET from Togo.
Under an international treaty, Nigeria exports electricity to neighbouring countries like Benin Republic, Togo, and Niger.
In its latest quarterly report, NERC stated that market operators (MO) issued invoices totaling $12.19 million to six international firms for services rendered in Q3, out of which $6.49 million was paid.
“In 2024/Q3, the six (6) international bilateral customers purchasing power from the grid-connected GenCos made a cumulative payment of $6.49 million against the $12.19 million invoice issued to them by the MO for services rendered in 2024/Q3,” the report said.
“Similarly, the domestic bilateral customers made a cumulative payment of ₦1,566.51 million against the ₦2,100.79 million invoice issued to them by the MO for services rendered in 2024/Q3.”
NERC highlighted that some bilateral customers—both domestic and international—made payments in Q3 2024 to settle outstanding invoices from previous quarters. “Odukpani-CEET made a payment of $1.33 million towards outstanding invoices from previous quarters,” the report revealed.
“Similarly, the MO received ₦31.51 million from the domestic bilateral customers (North-South/Star Pipe; ₦9.50 million and Trans-Amadi (OAU/FMPI); ₦22.01 million) towards outstanding invoices from previous quarters.”
However, NERC noted that its special customer, Ajaokuta Steel Co. Ltd, along with the host community, failed to make any payments towards the ₦1.26 billion (NBET) and ₦0.11 billion (MO) invoices received in Q3 2024.
“This continues a longstanding trend of non-payment by this customer, and the Commission has communicated the need for intervention on this issue to the relevant FGN authorities,” the commission said, warning that continued non-payment could lead to total disconnection from the national grid.
In September, Shuaibu Audu, the Minister of Steel Development, signed a memorandum of understanding (MoU) with Messrs Tyazhpromexport (TPE) for the rehabilitation, completion, and operation of the Ajaokuta Steel Plant and the National Iron Ore Mining Company (NIOMCO).
By December, Natasha Akpoti-Uduaghan, chairperson of the Senate Committee on Local Content, announced plans to commence the revitalisation of the Ajaokuta Steel Company plants in the first quarter (Q1) of 2025.
Broadcasting
QNET Collaborates with Lagos Food Bank to Aid Vulnerable Children
QNET, a global lifestyle and wellness-focused direct-selling company, has partnered with the Lagos Food Bank Initiative (LFBI), a non-profit organization dedicated to nutrition and hunger relief, to provide nutritious food and gifts to 1,000 vulnerable children in Makoko, Lagos.
This initiative is part of QNET’s end-of-year social impact activities.
Supported by QNET’s legal partner, Transblue Limited, the project is part of LFBI’s Education Enhancement Intervention for Food Insecure Students (EDUFOOD) program that addresses malnutrition and food insecurity among underserved students by providing healthy meals and essential educational resources.
A report by the United Nations International Children’s Emergency Fund (UNICEF) highlights that Nigeria has the second-highest burden of stunted children globally, with a national prevalence rate of 32% among children under five.
Furthermore, an estimated 2 million Nigerian children suffer from severe acute malnutrition (SAM).
Biram Fall, QNET’s Regional Manager for Sub-Saharan Africa, highlighted the importance of this initiative: “Guided by our principle – Raise Yourself To Help Mankind (RYTHM), we believe that education and good health for children are the cornerstones of a thriving society.
Partnering with LFBI allows us to make a tangible impact on vulnerable children’s lives, reflecting our mission to empower youths and improve communities.”
Akeem Ajisafe, Managing Director of Transblue Limited, shared his thoughts: “This collaboration not only addresses food insecurity but also brings joy to young hearts, allowing them to truly experience the spirit of Christmas. Together, we are fostering hope, joy, and a brighter future fo r all.”
Michael Sunbola, Executive Director of LFBI, expressed gratitude for the partnership:“QNET’s support empowers us to reach even more children during this season of celebration, improving their health and unlocking their potential. Together, we are building a foundation for a brighter future.”
The partnership underscores QNET’s commitment to sustainable development, aligning with the United Nations Sustainable Development Goals (SDGs), particularly Zero Hunger (SDG 2) and Quality Education (SDG 4).
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Spotify’s ‘Detty December’ Hub and Spotify’s ‘Songs of December’ now live
Spotify today announced the launch of its ‘Detty December’ hub with playlists for December, a celebration of the vibrant festive season in West Africa and South Africa.
The hub is a one-stop shop for all things Detty December, with curated playlists featuring the biggest hits and emerging sounds of the season.
Users can find everything from Afrobeats and Amapiano anthems to chilled-out vibes for those much-needed recovery days.
“Detty December is a special time for our users in West Africa and ke Dezemba symbolises South Africa’s spirit of celebration,” said Phiona Okumu, Head of Music at Spotify Sub-Saharan Africa.
“We’re excited to be part of their celebrations with this dedicated hub and playlists, bringing them the best music to soundtrack their festive moments.”
This unapologetic season of street jams, back-to-back concerts, and endless summer fun has developed its own culture that draws diaspora and local fans alike.
The curated sounds of Spotify’s Detty December hub will pay homage to the Lagos rooftop lounges, Accra’s beachside festivals, and South Africa’s township tunes that keep people grooving.
In addition to the hub, Spotify has also launched a new playlist called ‘Songs of Detty December’.
This playlist is a curated list from Spotify Africa’s editors on the songs predicted to dominate this year’s Detty December. From DJ Skelm’s Afro Tech sounds to Flytime Fest’s tour of songs that tell Africa’s aspirational stories, the hub will be the home of takeover playlists that display Africa’s diverse talent.
Barrier-breaking Amapiano talent Kamo_ww has taken over a South African Summer playlist too.
Spotify is also supporting Jerk x Jollof, a popular event making its way to Africa for the first time, through its Frequency program. Held at The Ostrich event space, the Jerk x Jollof Cape Town takeover will feature DJs and artists such as TxC, DBN Gogo, Spinall, Sarz and Odeal, merging the spirit of Detty December and ke Dezemba experiences and bringing South and West African cultures and artists together.
“We’re committed to supporting African music and culture,” said Okumu.
“We believe that music is a powerful way to bring people together, and we’re excited to be part of the Detty December celebrations.”
You can keep the good vibes going as you make your way to the hotel, beach or next Detty December party with Spotify’s curated and immersive sound selection. Discover something new or run the year’s best party anthems back on your app today.
The ‘Detty December’ hub is available now on Spotify.
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