The Minister of Science and Technology, Dr. Ogbonnaya Onu, on Friday said that the Federal Government had taken steps to reduce power consumption by households, businesses and government by 85 per cent, The Punch reports.
He said that the idea behind cutting power consumption had to do with the need to diversify the Nigerian economy, “which relies on oil as the major source of foreign exchange earnings.” He said that in choosing Omatek as a partner in the project, the government took into consideration the need to empower indigenous technological companies and encourage the growth of science and technology in the country.
Meanwhile, the Group Managing Director of Omatek Ventures Plc, Mrs. Florence Seriki, explaining the readiness of Omatek to play a key role in the power provision for the country, said the 50KVA three-phase off-grid solar solution inaugurated earlier in its factory would provide a 24/7 power supply.
This, she said, would result in 85 per cent reduction in power consumption for factories, banks, telecoms firms, government and other organisations that require big solar power installations, while adding that its Lagos factory currently assembled locally the 12watts, 20 watts, 500 watts power solutions.
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