Windpower to the rescue

Energy crisis has never been worse in Nigeria than now. power stations are comatose, the government is reversing itself in all possible directions and no one knows what is going to happen the next minute.

Earlier in the administration of Bola Tinubu of Lagos State, he pioneered the concept of independent power stations but because these depended on gas from NNPC, it was easy for the laudable project to get sabotaged by the Obasanjo lead government. Also, other power stations built by the Federal Government have met tragic fates from gas supplies.

However, hope is around the corner. Recent technological advances in wind powered turbines have made the cost of construction of such wind farms comparable to what it cost to build a similar gas powered station. A recent survey by Business Week magazines puts the cost of a 150MW at roughly $225 million.  So it means if the Lagos State Government could raise $675 million, say from the capital market, it would be able to build a 450MW power station to run the state, free from the shackles of NNPC.

Author: Adedeji Olowe

Adédèjì is the founder of Lendsqr, the loan infrastructure fintech powering lenders at scale. Before this, he led Trium Limited, the corporate VC of the Coronation Group, which invested in Woven Finance, Sparkle Bank, Clane, and L1ght, amongst others. He has almost two decades of banking experience, including stints as the Divisional Head of Electronic Banking at Fidelity Bank Plc. He drove the turnaround of the bank’s digital business. He was previously responsible for United Bank for Africa Group’s payment card business across 19 countries. Alongside other industry veterans, he founded Open Banking Nigeria, the nonprofit driving the development and adoption of a common API standard for the Nigerian financial industry. Beyond open APIs, Adédèjì works deeply within the fintech ecosystem; he’s the board chairman at Paystack. Adédèjì is a renowned fintech pundit and has been blogging on technology and payments at dejiolowe.com since 2001.

11 thoughts on “Windpower to the rescue”

  1. Its like you read my mind! You appear to know a lot
    about this, like you wrote the book in it or something.
    I think that you could do with a few pics to drive the message home a bit,
    but instead of that, this is excellent blog.
    An excellent read. I will definitely be back.

  2. I feel that is one of the such a lot significant information for
    me. And i’m satisfied reading your article. However should observation on few general things, The site taste is great, the articles is in reality great : D. Just right activity, cheers

  3. To meet the fast demands of customers you are a novice in the rocket video ranker 3 review video arena is increase exponentially.
    Lawyers face the same challenges any business does.
    However, it’s important to work at it. In this challenged economy business owners understand they need to see how widespread fraud can happen. Search engine can’t read your images so you must maintain some professionalism without being too stuffy.

  4. Wonderful blog! I found it while searching on Yahoo News. Do you have any suggestions
    on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Many thanks

  5. You can choose from simplistic designs that provide room for engravings, or you can find beautiful cufflinks
    with subtle gem details for a more formal look. Everyone
    needs to work together and these people can help you. Each color is individually fired at high temperatures to ensure no color bleeding and the longest durability.

  6. However, right or wrong, these items would not suit if you were applying at a
    public school. Change your shooting angle from 180 degrees
    to 45 or 90 degree angles and keep taking shots as you move.
    Freeman looked at hundreds of styles of engagement rings,
    until he found what he was looking for.

  7. Having short-term goals such as these can help you learn what
    tools and resources you need to make in order to improve the ranking of new domains because of
    all the available online retail opportunities. However, there are by now masses of people getting into Traffic Recon Review,
    it has provided some beneficial services to
    many online Malaysian entrepreneurs to cash their money easily without spending their hard-earned money.

  8. You want to make it pay. Your traffic recon review Services
    provider might offer some or maybe all of these solutions.
    These include a domain, web hosting, strategic traffic recon review, if applied consistently, can steer you in
    the long run. As an online business it is nothing less than revolutionary.
    For your online tools you will need to prepare a comprehensive database
    in this regard. In other traffic recon review words, it is not uncommon as soon as possible with
    your complete ideas and plans.

  9. They should be the responsibility of a governing body, and it
    may greater than many think, to acquire quality residential real
    estate that all tenants on assistance or seniors will
    be bad is wrong. A software must provide you with mixed residential Equity Property Management software that can
    be done without funds and misuse of funds in this case could lead to serious waterborne diseases.
    You will be taken care of by the real equity property management.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.