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Out target is to power 1000 SMEs in Nigeria by December 2017- MD, Consistent Energy



Managing Director, Consistent Energy, Mr. Segun Adaju
By Oluwagbenga Bankole

The Managing Director of Consistent Energy, Mr. Segun Adaju said that the main target of the solar power firm is to provide uninterrupted power supply to 1000 Small and Medium-sized Enterprises (SMEs) in Nigeria, especially barber shops by December 2017.


Consistent Energy is principally a roof top solar energy company. The ultimate goal of the company is to displace small and medium size generators for small businesses, households, schools, hospitals and rural electrification. The company desire to put smiles on the faces of citizens and small business owners by providing affordable solar power system.


In an exclusive interview with BRANDINFO, Adaju also disclosed that the vision of the company is to displaced 1million small generators that SMEs use by year 2030.


“Base on the finance we are going to raise which we are making good progress, by the end of this year we hope to have powered 1000 SMEs, especially the barber shops in Nigeria. Our vision is to displaced 1million small generators that SMEs use by year 2030,” he said.


According to him, Consistent Energy has so far been involved in powering SMEs, saying that they have done a lot of installation for schools, houses, hospitals etc.


He further stated that“Where we are presently is powered by solar and a lot of houses around here are also powered by solar which was installed by Consistent Energy. You cannot find or hear the sound of generator here. We have been running this system in this place for four years even without relying on the national grid.”


“We have done same thing all over Nigeria. We have been involved in powering barber shops. Most barber shops in Nigeria use a generator popularly known as “I better pass my neighbor.” We realized that they spend a lot of money buying fuel almost on daily basis. The amount they spend on fuel on yearly basis is very huge. Because of this we came up with an initiative of designing a solar solution that will have the same capacity as their small generators and that we can install in their shops. I can categorically tell you that we have installed for close to 250 barbers all over Nigeria (Lagos, Abuja,Kaduna, Kogi, Delta, Rivers, Calabar state etc.),”


“We notice that a barber might not have the initial capital to adopt solar because the least price for the installation we do for them is about N310,000. We know it is expensive for them because they are used to buying a small generator at the rate of maybe N30,000 and buying N1000 fuel probably on daily basis,”


“We know that the best way we can make barbers to adopt our system is to introduce what we called ‘leasing, rent-to-own or pay-as-you-go’ and that is what we have deployed for them. We don’t deal with individual barber, but through the association of barbers. The association nominates the beneficiaries and helps us monitor the payment. In the long run it is win-win situation. We create energy for their businesses, make profit for our own company and reduce the pollution that goes into the atmosphere through generators,”


“We noticed that the first barber we gave the solution to now has three shops. When we met him he had only one shop and three staff. Today, ‘Efe’ in Magodo Isheri has three shops and has employed 12 people. This is because the amount he spent on electricity has reduced compare to when he was using generators,” Adaju explained. 


The full interview will be published tomorrow on this platform
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