The Chief Executive Officer of ZOLA Electric, Bill Lenihan, has confessed that the intractable challenges in getting Nigeria’s energy supplies right over the years encouraged his company to begin inflow of foreign direct investments.
In an interview, he said “I think Nigeria is a perfect example of a country where there is massive energy deficit. This is a fact that cannot be disputed. Everybody living in Nigeria has this issue; every business has this issue. So, the question is what happens when people are having problem with energy or what happen where that exists? It means people have to come up with their own energy”.
Continuing, Lenihan averred that “For those living in Nigeria, what that means is that each one has to figure it out by itself”.
“Overall, it shows there is a mess which ought to be addressed. Beside this mess, the energy crisis also forces you to change appliances constantly or sometimes force you to do an upgrade. Beyond that, you also have these alternative sources causing health hazard and noise pollution. In a nutshell, I would say that you have a system that is unreliable, expensive and hard on your life. So, for us, that is the problem we have come to solve.
On how Zola Electric will contribute to the resolution of Nigeria’s power crisis, the group leader said “That is why we are offering products such as Infinity and Flex to address this problem. Our mission is to deliver 24 hour power to anyone, anywhere.”
“Our product offerings allow us to do that and these products are tied towards meeting that needs. If your energy needs are more limited, which means you just want to power bulbs in your house, or power your television and other small appliances, we have a system that is built for such purpose.
“This system has been designed to provide solar storage that looks like computer such that the computer allows you to optimize production and discharge system. With such solution which has something similar to a computer attached to it, you can actually pay over the phone or through refinancing.
“Let me also add that the product is more marginal. Whenever you need more energy, the product allows you to get more energy without affecting the existing system which is different from what you have in the market today.
He said “If you want to generate more power, the solution can help you. It is smart and comes at low cost. If your energy needs are more powerful, say you run a business or factory, even though you have small power needs but rely on the grid, there is a product designed for that purpose and it is called Infinity which better serves that need. Only recently, we announced that we would be bringing the product into the market,” Lenihan added.
