Lumos offers Nigerian SMEs solution to electricity supply challenges

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Lumos Nigeria, an energy solutions provider, has listed poor funding and electricity supply as two of the biggest challenges hindering operations of Small and Medium Enterprises (SMEs), The Nation reports.

Speaking at an SME fair organised by Connect Nigeria in Lagos, Lumos Nigeria, Executive Vice President, Marketing, Femi Ashipa described Lumos Y’ello box, as an affordable clean energy solar powered system designed to provide the basic energy needs of small businesses.

Ashipa said research shows that funding and electricity are the two main problems that affect SMEs adding that Lumos Nigeria was at the fair to provide solutions to the problem of irregular electricity to Nigerian SMEs.

Comparing the Lumos solar powered device to other energy providers, he said research shows that it provides 60 per cent savings compared to what consumers are paying for other energy provider services.