Signing the Green Industrialisation Partnership deal,  Vongfa described it as a  private sector driven initiative to mitigate challenges of stable power being encountered by NASSI members.

“This process to us should have started since yesterday, not even today because light is a major problem for our small scale entrepreneurs all over the country. A lot of them have been running on diesel and you know the cost of energy now in Nigeria.

“So with green energy which is now globally accepted and it is the current thing that the world is working towards, we have seen how the government of our nation has embraced it

Signing the Green Industrialisation Partnership deal,  Vongfa described it as a  private sector driven initiative to mitigate challenges of stable power being encountered by NASSI members.

“This process to us should have started since yesterday, not even today because light is a major problem for our small scale entrepreneurs all over the country. A lot of them have been running on diesel and you know the cost of energy now in Nigeria.

“So with green energy which is now globally accepted and it is the current thing that the world is working towards, we have seen how the government of our nation has embraced it.

We see it as an advantage for our members if we can put them in a captive cluster, so that the  megawatts that will be produced will be of great value to them and we are sure that we will have 24 hours light.

“If we are able to have 24 hours light at affordable price, it will make our businesses to thrive . It will create more jobs, reduce poverty and propel our economy to higher growth

“What we are bringing is to mobilise our people to key in. That’s our major contribution, because if you produce light and nobody takes it, it is of no use. So our people are the ones that will use the light for their benefit and for the progress of the nation,” Vongfa stated.

Speaking earlier, Chief Executive Officer of Glodanif Energy, Mr. Ayodele Olaitan,  said the aim of the scheme is to drive  industrial and local production processes through affordable, new and renewable energy

He emphasised that because of the unreliability of the national grid, business have had to devise means to self-generate electricity to ensure that their businesses keep running.

“It’s a known fact that the gap between the demand and available electricity available from the grid in Nigeria has led to widespread self-generation of power both in our homes and industrial sector.

“Today, most businesses must generate their own power to run and operate their business at a high cost, a situation that has made a lot of these businesses to go out of circulation and in this case mostly  affected are the small and medium scale industries

Also, we are all aware of global warming as a collective agenda to protect our environment by discouraging the use of fossil fuel in running our day to day life, business and industrial operations.

“To this end, in our private initiative to complement government efforts to fix our power sector, grow our industries as well as protect our environment, we developed the idea, the green industrialization initiative.

“The motive behind the initiative is to provide clean and affordable environmentally friendly energy to produce reliable power supply to small and medium scale industries in cluster arrangement,” Olaitan stated

He lamented that lack of adequate power supply has seriously constrained businesses in the country, observing that there was the need for“Knowing fully well the problems associated with power outage had a huge negative impact on the operation of small and medium scale industries which has even sent huge numbers of them out of business.

“Upon the foregoing, we decided to seek partnership with the  association  to see how we can jointly provide solution and help small and medium scale industrialists through the Green Industrialisation Initiative,” he pointed

Olaitan stated that the tariff structure of the scheme will be based on cost-reflective tariff with full adoption of the prepaid metering system.

He added that this will be in line with principle laid down for different classes of consumers as defined by the National Electricity Regulation Commission (NERC) for captive and embedded Independent Power Producers’ (IPP) operations