By 'Gbenga Bankole
As part of it's effort in addressing the electricity gap in Nigeria, Gennex Technologies, one of the top providers of reliable solar energy in Nigeria, today launched Lobo Combo 1.2 KVA solution and solar fan.
The launching of the two products which is also to commemorate 2021 Gennex Customer Service Week was held at the office of the firm in Ikate, Lekki, Lagos.
Lobo Combo 1.2. KVA Solution is a perfect choice for people in the three categories of energy demand spectrum which are higher, medium or low energy demand.
Also, the Gennex Solar Fan needs no electricity supply to function.
While delivering the welcome address on behalf of the Managing Director of Gennex Technologies, Mr. Patrick Ilo, the Executives Director of the company, Mrs. Toyin Ilo said Lobo Combo 1.2 KVA solution product is specifically designed for a critical category of the economy - the Micro, Small and Medium-sized Enterprises (MSMEs).
She noted that MSMEs accounts for 99.5% of all firms and 60% of employees, adding that according to International Finance Corporation (IFC, 2006), lack of access to electricity is one of the major obstacles to MSME growth.
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| A cross section of Gennex Technologies staff with the Managing Director of Gennex Technologies, Mr. Patrick Ilo and Executives Director, Mrs. Toyin Ilo at the programme today. |
Ilo added that;" Price water house Coopers (PwC) 2020 report titled 'PwC's MSME Survey' revealed that electricity accounts for the biggest costs to daily operations for many small and medium scale businesses in Nigeria."
According to her, Lobo Combo 1.2KVA solution is therefore a Gennex initiative to provide support to MSMEs and galvanise the economy.
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| A cross section of Gennex Technologies staff with the Managing Director of Gennex Technologies, Mr. Patrick Ilo and Executives Director, Mrs. Toyin Ilo at the programme today. |
"As MSMEs provides 60% of total employment. providing energy access to this critical segment helps sustain job creation. productivity and economic growth for our country. This is in line with our company's mission to provide energy access by delivering efficient, innovative and affordable products and solutions. This also dovetails with the United Nations Sustainable Development Goals (SDG) 7 and 8 respectively.
"As with all our products, the LOBO Combo 1.2KVA solution is designed and customised to provide the necessary resilience for the Nigerian environment. It also comes with the Gennex mark of quality, warranty and after sales support. We therefore seek partnership with financial institutions to provide this product to MSMEs across the length and breadth of Nigeria through creative financial initiatives," she stated.
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