BusinessTrending Story

Schneider Electric unveils smart solutions to pare down Nigeria’s $29bn annual power disturbances cost

301

In a bid to reduce the cost of power disturbances from a whopping $29 billion, Schneider Electric has intervened by inaugurating a range of smart solutions adaptable to the Nigerian environment.

 

The range of products unleashed on the market by Schneider Electric, the leader in the digital transformation of energy management and automation, are categorized into critical power management, smart homes, and lighting, home, and distribution solutions.

 

According to figures from the World Bank, the Nigerian economy annually loses as much as $29 billion to power disturbances across its various sectors.

The Head of Partner and Buildings Business for Schneider Electric, Anglophone West Africa, Mr Mojola Ola said high maintenance cost for appliances and installations through electrical fires and loss of lives, power disruptions, and total blackouts have continued to plague businesses and households in the country.

 

“These solutions are safe because they avoid electrical fires; are efficient in helping one save money by reducing energy spend; are reliable by preventing the failure of electrical distribution; and are compliant because they demonstrate Schneider Electric’s commitment to sustainability, a key policy for the company.

 

“With the right tools, you can leverage data for space management, occupant well-being, occupant engagement, and operational efficiency.

 

“These products lead to a reduction in maintenance, increase in productivity, and reduction in CO2 emission,’’ he said in a statement obtained by Persecondnews.

 

“They will help customers reinvent buildings, particularly those of financial institutions, hotels, airports, healthcare, offices, and even homes.”

 

On COVID-19 pandemic, Ola stressed the need for space management to ensure safe distancing, monitoring of occupancy levels, and adapting to office layout.

 

“Also, occupants’ well-being is enhanced through the use of Schneider Electric’s Ecostruxure to confirm optimal humidity and to check air circulation.

 

“To improve occupants’ engagement, the launched product guarantees effective communication, easy access to IT tools, and seamless navigation around the office.

 

“Targeting operational efficiency, one of Schneider Electric’s new technology made provision for smarter cleaning, optimized building management, and power systems, as well as better management of amenities.

 

“Beyond cost savings made from averting power disturbances, the Schneider Electric’s Ecostruxure recent initiatives have enormous benefits for Nigerian IT experts, business owners, and corporate organizations, even for governments at various levels,’’ he said.

Leave a comment

Related Articles

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

FirstBank Hosts First-ever China-Africa Interbank Association Forum

FirstBank, the premier West African financial institution and financial inclusion service provider,...

UBA to raise N239.4bln via right issues – Elumelu

The Group Chairman of United Bank for Africa, Tony Elumelu, has announced...

Nigeria’s Domestic Debt Reaches N66.957trn in H1 2024

Nigeria’s domestic debt stock has surged to N66.957 trillion in the first...

Tinubu, Abiodun, Sanwo-Olu, others extol Pastor Tunde Bakare at 70

Pastor Tunde Bakare, the founder of Citadel Global Community Church, is a...

China’s imports from Nigeria soar to $15.1bln, 36.1% increase

China’s imports from Nigeria have reached an all-time high of $15.1 billion...

Bitcoin Surges to New High on Trump’s Presidential Victory

The price of bitcoin has skyrocketed to a record high of $75,345,...

Polaris Bank wins “Best Mobile App” award at Digital Jurist Awards 2024

For its commitment to digital innovation and excellence, Polaris Bank has again...

SanDisk extreme portable SSD: A must-have for Nigerian remote workers, freelancers

Julius Babarinde As the Nigerian work environment continues to evolve, remote work...

Media capacity-building: Polaris Bank trains 5,000 Nigerian journalists in 10 years

As part of its media capacity-building initiative, Polaris Bank Limited, Nigeria’s leading...

Nigeria to issue diaspora bond in US, targets $1bln monthly remittances

Nigeria is planning to issue a diaspora bond in the United States...

System upgrade: FirstBank enhances supplier’s platform, guarantees uninterrupted, seamless services

FirstBank has reacted to a misleading report circulating in the media regarding...

Reps to CBN: Withdraw old naira notes before December 31 deadline

The House of Representatives has called on the Central Bank of Nigeria...

US-Nigeria trade relationship hits $10bln mark

The United States and Nigeria have achieved a remarkable milestone in their...

NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range

NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant...

Aliko Dangote’s wealth soars to $28bln as his oil refinery comes on stream

Aliko Dangote, Africa’s richest man, has seen his wealth more than double...

Naira Defies Global Trends, Appreciates 5.7% Against Dollar

The Nigerian naira staged a surprising comeback on Monday, appreciating 5.7 percent...

Naira appreciates 4.49% against the dollar, closing at N1,561.76

The Nigerian naira strengthened significantly against the US dollar on Tuesday, closing...

Nigeria’s foreign investment surges by 152% in Q2 of 2024

Nigeria’s foreign investments, also known as capital importation, have seen a significant...

African oil-producing nations secure 45% of $5bln Energy Bank funds

Afnations have made significant progress in establishing the Africa Energy Bank (AEB),...