Lumos Nigeria, Nigeriaâ€™s leading solar home systems service provider through its Lumos YÃ©llo box has signed a debt financing agreement with All-On, a Nigerian off-grid energy investment company, as part of a project aimed at providing affordable solar electricity to families, homes and businesses in the Niger Delta.
This facility will help Lumos to accelerate the entry of its service into hard to reach areas within the region.
Speaking at signing ceremony and press conference held in, Port Harcourt, the Chief Executive Officer of Lumos Nigeria, Mr. Houssam Azem said the debt facility from All-On would further cement the strategic relationship between Lumos Nigeria and All-On, and also ensures the penetration of Lumos Solar Home Systems in the Niger Delta region.
â€œ All-On has established itself as a leader in off grid energy in Nigeria and we are therefore excited to work with All-On to enhance energy access for Nigerians in the Niger Delta and indeed, across the country,â€ Azem added.
In his remarks, the Chief Executive of All-On, Dr. Boer Wiebe, said the partnership was coming barely three months after it announced its first set of transactions in Nigeriaâ€™s off-grid market, and two months after the company and US Africa Development Foundation (USADF) announced a $3 million partnership to expand access to energy for underserved and unserved markets in Nigeria.
â€œOur investment in the energy solution providers further demonstrates our firm belief that off-grid energy is indispensable in the improvement of Nigeriaâ€™s energy narrative. It therefore deserves adequate attention and financial backing from both the public and private sectors,â€ Boer said.
Also commenting, the Vice President Marketing, Lumos Nigeria, Mr. Olufemi Ashipa said his company believed â€œin supporting communities by improving the quality of life of inhabitants while powering one household, one family, one pharmacy, one barber shop, one community health care centre, and one micro business at a timeâ€.
â€œNot only are we providing an energy solution to meet their basic needs, the system is simple and easy to use, giving you clean solar power at the push of a button,â€ he added.
He added that electricity is a critical component for development, which can transform an individual with a relatively low earning potential to a micro business owner, by doing something as simple as charging phones for members of the community.
â€œThis debt financing facility from All-On offers us additional resources to accelerate our roll out within the Niger Delta region, creating and supporting cottage industries along the way; what better time for customers in the Niger Delta to join the service, considering the ongoing offer to reward new customers,â€ he added.
In a related development, Lumos Nigeria in making its mobile electricity service even more accessible to customers has just announced an instant reward programme for all new customers.
Speaking on the offer, Sales Director, Lumos Nigeria, Ojoma Okotie, explained that once the first month of payment is made at the point of joining the service, that customer will receive the next two months absolutely free.