In Nigeria, managing a business comes with its fair share of challenges, especially in terms of power supply.
The country has struggled with a consistent and reliable electricity supply, leaving businesses with no choice but to seek alternative sources of power. Two popular options are generators and solar power. In this article, we’ll discuss which one is more profitable to use when it comes to managing a business in Nigeria.
Generators have been a popular choice for businesses in Nigeria for decades. They are reliable, and they can generate power quickly. However, generators come with their fair share of disadvantages.
Firstly, they are not environmentally friendly, as they produce harmful emissions. Secondly, they are noisy, and this can be a distraction in the workplace.
Finally, running a generator can be expensive in the long run, as it requires regular fuel and maintenance.
On the other hand, solar power is an emerging technology in Nigeria. It is a cleaner and more environmentally friendly option, as it produces no emissions. It is also silent, and this can create a more conducive work environment.
Additionally, solar power can be more cost-effective in the long run, as it requires minimal maintenance, and the sun is a free source of energy.
In terms of profitability, solar power has the potential to be more profitable than generators. Solar power systems require a significant initial investment, but they can pay for themselves in the long run.
Once the system is installed, businesses can save money on their electricity bills, as they will not have to rely on generators or the national grid for power.
Additionally, businesses can sell any excess power generated by their solar systems back to the grid, further reducing their energy costs.
The Nigerian Electricity Regulatory Commission ‘NERC’ has developed a regulation that allows businesses and households to generate and sell their excess power to the national grid.
This means that businesses with solar power systems can earn additional income by selling their excess power.
While generators have been the go-to power source for businesses in Nigeria for years, solar power has emerged as a viable and potentially more profitable alternative.
Solar power is cleaner, quieter, and can be more cost-effective in the long run. With the government’s support and regulations in place to encourage the use of solar power, it is an option that businesses in Nigeria should seriously consider.
Nwachineke Onyeke Chekwube reporting, Obinwannem news writer/ march 14th, 2023