- Schneider Electric plans to propose solutions to adopt electrification projects in rural West Africa that do not have access to reliable and affordable energy.
- Adelabu had said the Federal Government may no longer be able to sustain electricity subsidies.
Schneider Electric has stated that high tariffs remain a barrier to electricity usage in rural communities across West Africa. The firm said it planned to proffer solutions to adopting electrification projects in rural West African regions grappling with access to reliable and affordable energy.
In a statement, the Commercial Lead, Microgrid, Power & Grid Business Segment at Schneider Electric, Teina Teibowei, said high tariffs associated with electricity use in rural areas pose a significant barrier.
“In communities with limited economic opportunities, even basic lighting can be prohibitively expensive, discouraging adoption. Low energy consumption patterns in these communities further compound this reality characterised by single lights and sockets in homes,” she added.
On his part, the Country President of Schneider Electric West Africa, Ajibola Akindele, noted, “By addressing affordability concerns, creating economic opportunities, and fostering a culture of energy consumption, we can unlock the true potential of rural electrification in West Africa, empowering communities.”
Recall that the Minister for Power, Adebayo Adelabu, had said the Federal Government may no longer be able to sustain electricity subsidies. According to him, the government set N450 billion for subsidies in the 2024 budget; meanwhile, N2.9 trillion is required for subsidies.