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Business / Re: DSS Raids Bureau De Change Operators In Abuja & Lagos, Forces Dollar Down To 400 by Barcholder: 4:35pm On Nov 10, 2016
Nigerians are so hypocritical, it's funny. I can bet that the majority of people on here criticising the move to force the black market dollar FX rate down, are the very same people who insist that the price of petrol must be pegged at 145, even though they know that it forces NNPC to effectively subsidise fuel again.
Politics / Re: Petrol: NNPC Pushes For N150 Per Litre.. by Barcholder: 12:09pm On Nov 07, 2016
Oletty:
Nigerians don't seem to understand how bad things could get. Oil is an international commodity and refined products trade at a premium relative to crude oil. Years of subsidies have not only distorted the price of refined products but also killed productive enterprise by fueling wanton and unnecessary consumption not backed by an increase in productivity. The government is now too broke to regulate the price of PMS, diesel and kerosene. The markets will determine the price. If the government intervenes, there will be scarcity.

The good news is that a market-reflective price of petroleum products would make renewables (like solar PV) more competitive in Nigeria. With diesel at N200/litre, solar pays back in 6 to 7 years. And this excludes the health effects and noise pollution caused by burning diesel and PMS in generators. Think of all the future health liabilities like cancers that will result from these.

The government should let the markets determine the price of petroleum products and allow cost-reflective pricing of electricity. Without these, there will be little to no investments in power despite the best efforts of Fashola. Subsidies only work if they can be afforded. Nigeria today is broke and with oil probably going to stay low forever (yes, oil demand will start declining in about 15 years time as rich countries transition to alternative energy sources), this is the time to start building productive enterprises, encouraging entrepreneurs and investing heavily in infrastructure. Population control might also be necessary as the annual 3.3% population growth rate has already become an unsustainable time bomb. No country in the history of the world ever got rich while people procreated without restraint. In Europe, they managed this by shipping excess people to North and South America.

Grid electricity prices at N20-N35 ($0.05-$0.075) per kWh are a sham. These barely cover the cost of generation. No country in the world with round the clock electricity charges such low prices (except in the oil-rich Middle East) given that there are transmission and distribution costs still have to be factored in. What it means is that electricity in Nigeria is subsidized, which is why there is no electricity in the first place as no one would invest--yet we are willing to pay N70/kWh to run diesel and petrol generators! Dangote only opted to build his ongoing mega refinery when government assured him that the refined products market would be deregulated. When completed, his refinery would have a significant impact on the country. The same can be done for power. Deregulate and investors will come.

Development is not rocket science. It is the outcome of sound and progressive policies. We know the problems, we are so unwilling to tackle them head on.

Bro, exceptional write up, but I fear that you are preaching to the deaf. Unfortunately, I've learned that logic and reason are wasted on the masses, they will always revert to what comes naturally, which is knee jerk emotive responses, as opposed to carefully considered logic and reason.

I'll make just one small correction to what you've written, concerning the cost of electricity for generators. As one of, if not the largest Solar Power company in Nigeria, we do a significant amount of energy assessments across homes and businesses, as part of our sales and installation processes.

I can tell you that the price per kWh of running a generator varies significantly based on the size of the generator, and the prevailing price of Petrol and Diesel. Paradoxically, the smaller the generator you use, the higher the cost per kWh, so we see by far the highest marginal costs of electricity with those who use "I better pass my neighbour" generators. These can be as high as N500 per kWh, whilst the average Petrol generator user in Nigeria, at N145 per litre, is actually paying an average of N200 - N250 per kWh for their power. Diesel burns much more slowly than Petrol, and as such, we see costs of anywhere between N70 - N150 per kWh on average, depending on how efficiently the generator has been sized. Very often, people are using generators that are far larger than they require, and therefore consume significantly more diesel than they would otherwise do if they used a smaller generator to power the exact same loads.

Regards

Uvie
Jobs/Vacancies / Re: 2016 Firstbank Graduate Trainee Programme by Barcholder: 7:45am On Oct 25, 2016
jst wondering how u guyz applied coz d link only shows FBN home page?

1 Like

Jobs/Vacancies / Re: NNPC Aptitude Test On December 6, 2014 by Barcholder: 7:39am On Oct 25, 2016
recruitment is dead and buried. lol grin
Jobs/Vacancies / Re: Recruitment For FirstBank Graduate Trainee Programme by Barcholder: 7:31am On Oct 25, 2016
plz, hws did u guyz appliy coz the link leads to the website only.
Science/Technology / Re: Simple Way To Insulate Yourself Against The Fuel Price Increase by Barcholder: 7:34pm On Sep 12, 2016
iLoveTheSun:


I am interested as well, because I think the Sun is the future today and tomorrow.

You can reach me by email at

uvie.ugono@solyntaenergy.com

Regards

Uvie
Politics / Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 6:37am On Sep 06, 2016
Reference:


That is exactly what I am saying. Years of free oil has spoilt us. If oil runs out comlpetely, what are we going to do. We are not just prepared for development. The fact that we produce oil, does it mean we should not pay the right price for it. The US produces oil, why is gasoline not sold for 10 cents a litre there. They pay international prices though they produce. I often say, the day a yam farmer develops an inordinate taste for yams and he is not willing to pay the market price for yams or the fulani herdsman who loves suya and sells his cows to himself at half the price are both bankruptcies in the making. Next time you meet a Japanese, ask him how much he buys a Toyota or Honda vehicle?. This is the mentality we need to have. The Niger - Delta crises is the wake up call, the school teacher of Nigeria, strict, but in years to come will be praised for making us develop. So let them bomb happily. I'm 100% in support. I don't regard it as suffering but a learning curve to nationhood. As a person I don't fear leaving home for the first time to seek my own livelihood. Most Nigerians are petrified simply because they have absolutely nothing to offer.

What a phenomenal comment, without a doubt the best I've ever read on Nairaland. I couldn't have put it better myself. Your summary of the points is faultless.

Regards

Uvie
Politics / Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 4:48pm On Sep 05, 2016
cescky:



Oga I've heard stories about uk and many of us have friends and family there ....but this hawking "things are hard things are hard " only shows u have a wrong perspective and perception . For success in this life is a mindset success is internal not external. So that means take a man with a success mindset to a village and he will still prosper , my issue with ur things are hard cry is that at least in the western world things work...if your taxed hugely you will see the benefit of this tax , ull leave amongst people who act humane etc unlike Nigeria here ....my point is things work in the west and factors militating against ur success can't be compared with the factors in Nigeria , so stop this your cry. Any one whose stayed worked and husstled in Lagos but with SUcess mindset I believe will find life a lot easier in Uk( am saying uk because I know it's one of the toughest in the west)


The truth of the matter is that the UK is now a very difficult place to live for all but the rich. Things have changed dramatically there in the last 8 years, ever since the credit crunch in 2008. I'm not blind to the difficulties of living in Nigeria, as I've been here for over 3 years now, but what I'm trying to tell people is don't spend your time hankering after a move to the UK, because you will be sorely disappointed. Instead, lets join hands and try to work hard here to make Nigeria better.

The real issue with Nigeria is the untrustworthiness of the people, nothing else. For all the ills of the government here, and the chronic lack of infrastructure, if Nigerians were generally more honest and trustworthy, we could achieve a great deal by working together. For instance, in a country such as Nigeria where there are so many great business opportunities, but a chronic lack of capital to exploit those opportunities, Crowd Funding could and should be a fertile ground for most entrepreneurs to seek investment directly from their peers to finance their businesses and create jobs.

Would you invest money into a Nigerian's business, as you are now? That's exact the problem here. If we were more honest and cooperative, we could rapidly transform the lives of millions of people by working closely together, and creating jobs and prosperity for millions. But we, Nigerians, prevent that from happening, then we talk about moving abroad to the UK or USA, to live in a society that we refuse to create here ourselves.

Regards

Uvie
Politics / Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 8:26am On Sep 05, 2016
grossintel:
Can you install solar panels on top my motor so I won't need fuel What of hired vehicles and public transport Bros abeg use your head. Everything is not an opportunity for marketing.

It is you who needs to use your head, and learn to join the dots. That's right, join the dots. This is exactly the reason why Nigeria is suffering today, because joined up thinking is tragically lacking in the people.

If the cost of fueling your car increases by an amount LESS than what you have saved in powering your home, are you

A) Better off financially
B) Worse off financially
C) The same as before

This is my last post, I have a company to run, and 40 families to feed. I don't have the time and energy to be debating with ignorant and abusive people.

Regards

Uvie

1 Like

Politics / Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 8:20am On Sep 05, 2016
cescky:



Sorry to bust ur bubble mr uvie ... U are totally wrong. Fuel isn't just used for lights, fuel is used for everything if u touch fuel price it's has a serious multiplier effect cost of fuel will affect cost of food, cost of t fare, cost of house, cost of light , in this Nigerian economy fuel is the principal thing... Sorry but ur point is no point at all,na person whey done chop go think of solar light.....I Thot u wer living in U.K. ?....and with these ur analysis and the way things are are I sure the person who said migrating to uk is better isn't right?


I wonder why such sensitive news hit front page so late in the night...where views hip will be less?

Firstly, show me where I said that fuel is ONLY used for power, please quote it back to me. In true Nigerian fashion, you think you are educating me, when in fact, I'm the one who should be educating you. Here's some facts for you:

1. Approximately 65% of all fuel sales in Nigeria are for powering generators. Only 35% is related to other things, such as motoring.

2. The single biggest consumer of disposable in Nigeria is petrol for generator generation. The average household spends in Nigeria spends N36,000 a month on fuel for their generators, this is more than they spend of food.

3. The very high fuel prices are caused by the weak and ever weakening value of the Naira. The actual dollar price of a litre of fuel is actually far lower today than it was 2 years ago.

4. The single biggest factor in weakening the Naira is the lack of local refining capacity, and therefore, huge dollar demand for fuel importation by the fuel marketers. It's estimated that as much as 70% of all dollar demand in Nigeria is to import fuel.

5. By powering homes with solar, you achieve 3 MAJOR things. First, you dramatically reduce the costs of power to the average Nigerian home, by approximately 60%. That's additional disposable income for the family to spend on other things, and not continually give to the fuel stations.

Second, by giving every home 24 hours power, you significantly increase their level of economic productivity, because they are now able to earn significant extra money from home, e.g. online. For example, most UK families make extra money to survive by trading online, on platforms such as Ebay. They can do this because they have 24 hours light. Nigerians can't because they don't. Furthermore, those extra earnings will be denominated in hard currencies, benefiting not only the families, but the entire Nigerian economy.

Third, by eliminating the demand for fuel to power generators, you crash the market for fuel by 65%. This dramatically decreases the amount of fuel imported into Nigeria, which has 2 major effects. (1) it takes away the huge pressure on the Naira currently being experienced daily (70% of all USD demand is for fuel importation). This is turn significantly strengthens the value of the Naira compared to the Dollar. Indeed, it's been estimated by world bank economists that this would strenthen the Naira down to the range of N130 - N150 to the Dollar.
(2) It means that suddenly, the existing local refining capacity is now sufficient to fully meet all local demand. With Dangote's refinery coming onstream in 2018, it means that Nigeria will immediately become a net EXPORTER of petroleum products, significantly increasing our foreign currency earnings, and further strengthening the value of Naira against the Dollar.

All of which has the happy effect of reducing local fuel prices, and reducing inflation in general.

It's very easy for Nigerians to sit and write abusive messages, far more difficult for them to engage their brains and come up with viable solutions to their problems.

Regards

Uvie

1 Like

Politics / Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 7:58am On Sep 05, 2016
planetx:
I am always amazed when people use the fallen value of the Naira to explain how migrating to western countries as a better option to living in Nigeria. Like all the money you earn will be converted to Naira and you will be living on the street and breathing in oxygen as food.

It's crazy how misinformed people are, like you said, they must think that everything is free in the Western world, and all their earnings can be converted and sent back to Nigeria. If I was to tell people the cost of living in the UK, they will collapse.

I was home just last week, and I can tell you first hand that a tiny 2 bedroom house in the outskirts of the city now rents for £1,600 per month. That's £19,200 per year, or N10.2m a year. The equivalent house in a comparable area like Yaba would rent for nothing more than N800,000 per year.

Then take Fuel, that everyone is complaining about right now. A litre of petrol is now £1.09, which is the equivalent of N583 per Litre. Take electricity bill, the current rate is £0.16 per kWh. That's the equivalent of N85.60 per kWh, and we are here crying about N23 per kWh.

People here simply have no clue how hard things are over there.

Regards

Uvie
Politics / Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 7:21am On Sep 05, 2016
dadebayo1:


Please how can I cross over to the UK?

Before heading off to the UK, please ask him how much the following things are in the UK:

1. Rent
2. Food
3. Fuel
4. Travel
5. Electricity
6. Water
7. Telephone

Next, ask him to deduct the cost of these from his salary, and then see whether there's anything left. In fact, ask him whether that money he's calling is enough to cover these costs in the first place, nevermind what's left.

The grass is not always greener on the other side. I'm from the UK, trust me, I know what I'm saying. If you think that people are not suffering in the UK too, then go over there for 2 years. I'm willing to bet that you would be begging to come back to Nigeria. As crazy as that may sound to you right now, I'm very certain that I'm 100% right.

Regards

Uvie

4 Likes

Politics / Re: Fuel At N145/litre No Longer Sustainable – NNPC by Barcholder: 7:02am On Sep 05, 2016
We can scream and cry as much as we want, it changes nothing. The Naira has been greatly devalued over the last few months, and the price of everything has gone up dramatically, as we rely almost exclusively on imports.

Fuel is no different, so why does it come as a shock to anyone that the price of fuel will also go up shortly? Let's get real and stop with the helpless thrashing about. All the screaming and protesting in the world isn't going to change a single thing. Have you not seen the price of diesel rise from 120 to 200 already this year? What has kerosene risen by this year so far?

What Nigerians should be figuring out is what they can do to eliminate their near total dependence on petrol, because that's the only way to survive the coming onslaught. Principally, fuel is consumed most to power generators, however, there are other, cheaper forms of generating power in Nigeria today, so why not focus on moving to those.

Solar power is considerably cheaper than petrol in generating power, and there are now so many cheap and easy ways to get it. Why don't we all focus our minds on that, and move beyond this petrol price nonsense once and for all.

I can tell you that I've not bought a single litre of petrol for generator in 3 and a half years, and I've never been without light for a single second in all that time. I use Solar Power to generate my energy and have no need for a generator. So, from a personal perspective, even if they increase the price to 1,000 per litre, it's not going to affect me.

Surely, this is the best way for Nigerians to go now, surely! How much more pain and suffering do you want to endure before starting to make smart decisions?

If you want to find out how you can get Solar Power for your home and business affordably, let me know.

Regards

Uvie
Business / Re: Naira Quoted At 253/$ As Interbank Market Opens by Barcholder: 4:02pm On Jun 20, 2016
I've just sold pounds at 440 to a BDC, which equates to approximately 320 usd equivalent conversation rate. That's a pretty good indicator of the expected interbank rate to come.

I assure you, no BDC will be buying at an equivalent of 320 usd if they expected that in just a few days the widely available rate will be 260 or so. This is a far better guide than the incessant speculation and insults on here.

Regards

Uvie
Science/Technology / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 11:18am On Jun 16, 2016
bigx:
Does you Pay As you go option cover Port Harcourt?


Yes, it does for now.

Regards

Uvie
Business / Re: CBN New Forex Rate Policy Announced by Barcholder: 11:13am On Jun 16, 2016
walexy30:


Currently, our imports outweigh exports; Naira may drop to N400.

That's correct, that is the true price of our flagrant inability to manufacture our own goods. The laws of economics will prevail, and when the price of foreign imported goods become too high for people to afford, guess what will happen? You will see Nigerians moving into manufacturing in order to meet that demand.

If you don't make a person or country face the direct consequences of their actions, then how can you expect change? It's pointless preaching local manufacturing, when you are still subsidising the price of Naira, thereby making it cheaper to import than to manufacture locally. Far from helping Nigerians, you are in fact destroying them.

By floating the currency, we will now see the true value of Naira, and whilst there's likely to be a short term spike in the value, that will be the making of Nigeria in the long term because you will see an explosion of local manufacturing across numerous sectors. In 5 years, the economy would be much more balanced, with many more jobs created.

Regards

Uvie
Business / Re: CBN New Forex Rate Policy Announced by Barcholder: 11:08am On Jun 16, 2016
onatisi:
Our economy is importation dependent,there will never be a demand shortfall for dollars rather it will always increase until we start producing. Except the banks have dollars in their vaults,there is no way this new CBn policy will ease the pressure on the naira,the questions ppl should be asking is where will the dollars be coming from? When investors thrown in their dollars into the market,what use Is the naira to them since there isn't much to export from Nigeria?

The dollars will come from the dramatically increased Foreign Direct Investment from foreign investors who now see value in buying into Nigeria and investing their money in the country. It will also come from foreign remittances from diasporans, who have dramatically reduced flows to Nigeria because they were only getting 197 for their dollar when the true price is 370.
Science/Technology / Re: Thread For Solar System/Electricity Owners in Nigeria. by Barcholder: 8:14pm On Jun 05, 2016
manmidtexy:


Price of your 300W/24V Mono Solar panels ?

biodun@manmid.com
08024557715.

Hi

We don't sell individual equipment parts, and nor do we typically use 300 watt panels, as it's a non standardised size. We typically use 250 watt solar power systems. See our website for more information.

Regards

Uvie
Science/Technology / Re: Thread For Solar System/Electricity Owners in Nigeria. by Barcholder: 8:03pm On Jun 05, 2016
Solynta Energy is Nigeria's number one Solar Power company, and we are currently installing approximately 100 Solar Power Systems a month across the country. We offer a unique Pay As You Go Solar Package, which allows most Nigerians to be able to go Solar very easily and quickly. For as little as N9,000 per month, you can now go Solar and eliminate generator usage forever.

Our PAYG systems are up to 2KW (8 units of 250 watt solar panels), and is enough to power up to 90% of homes for 24 hours a day.

For more information, you can visit our website at www.solyntaenergy.com, where you can also see examples of some of our recent projects.

You can also ask me more questions here, and I'll be happy to help you.

Regards

Uvie Ugono
Founder & CEO
Solynta Energy

3 Likes

Business / Re: Forex: CBN Throws Naira Into Open Market, Nullifies N197/$ Exchange Rate by Barcholder: 7:46pm On May 25, 2016
[quote author=Aura2 post=45963218][/quote]

Thanks for your response, it's well written, though I do disagree with some of your points.

Firstly, regarding investment in infrastructure, I've already done that and will be starting manufacturing of a key product that's currently 100% supplied by importation. We will be the only local manufacturer in the country, and can significantly undercut the price of foreign imported product.

To your point about liquidity, you are plain wrong. The reason for the move to floating FX rates is to encourage foreign investment into the country again. That's exactly how you increase liquidity. Crude oil accounts for 91% of our foreign earnings, way too high. One of the ways to change that is to attract foreign investment into new industries in the country. These new factories will not only meet local demand, and thereby reduce foreign importation, but can also be exported to other countries, thereby bringing in more FX, as exports are typically priced in USD.

Capital flight has absolutely nothing to do with crude oil prices. Why would a foreign investor sell up their shares in a highly profitable local company because the crude pricesare low? No, they sold up because of the huge uncertainty around Nigeria'seconomic policies, one of which being FX. When you are seeing Capital Controls being put in place, you are going to scramble to get your money out before it's trapped in Nigeria. That's exactly what they did, that's what hot money does.

I agree that short term we will see a spike in prices locally because there are fewlocal alternatives. However, that will change as local manufacturing increases. Trust me, it's already happening. By the end of the year, you will see a lot of products currently imported exclusively, being locally produced.

Regards

Uvie
Science/Technology / Re: Simple Way To Insulate Yourself Against The Fuel Price Increase by Barcholder: 12:47pm On May 25, 2016
nextstep:


I really like this idea of pay-as-you-go because it gets people over the high initial costs. Furthermore the increasing prices (and lack of) fuel is making solar a more attractive option.

I really believe in the long-term take over of solar, so much so that I recently built a small building that was designed from the ground to be entirely solar with no option for gen or PHCN. Based on what we're seeing, our next build will also be entirely solar. Incidentally, your earlier posts made me aware of your company, which is what eventually led to my purchase from you.

I'm fully convinced that Nigeria (due to the lack of adequate infrastructure) can really lead the world in solar installations, which means a HUGE market waiting to be tapped and developed. However, I am worried that once again, we won't manufacture panels or batteries, but only be "mere marketers"*. There is potential for a group of solar-based companies to totally dominate the Nigerian and West African power industry over the next 20 years, potentially taking the place of the generator importer oligarchy.

Do you see a future where you (or some other Nigerian company) would start assembling panels, or making batteries locally? How would you make that transition from reseller to manufacturer?


* I use that term with the utmost respect for what you've been able to accomplish.

Thank you for your kind words, I really appreciate it. In response to your questions about local manufacturing, the answer is a resounding YES.

We will start loval battery manufacturing in August, and will be 100% vertically integrated by the end of 2017, with Solar Panel, Inverter and Charge Controller manufacturing to follow.

Regards

Uvie

1 Like

Business / Re: Forex: CBN Throws Naira Into Open Market, Nullifies N197/$ Exchange Rate by Barcholder: 12:24pm On May 25, 2016
As requested by many on this thread, I'll provide a very simple explanation of the new FX regime we have entered into.

1. The Naira will no longer be "Fixed" against the Dollar, but will now be determined by the forces of supply and demand.

Please note that even in a fixed FX regime, the rate is still determined by supply and demand. CBN spends our valuable FX to buy Naira in order to help stabilise the rate at their chosen rate. When the true underlying weakness of the currency becomes too great, the CBN simply can no longer supporting the currency or they will run out of money.

That's where we are now, and have no choice but to abandon the fixed rate policy. Even Saudi Arabia, with reserves of almost $1 trillion, is under pressure to abandon their fixed rate policy before it bankrupts them, never mind Nigeria with barely $25 billion left.

2. Contrary to popular belief the scarcity of FX has been caused by an unprecedented flight of capital out of the country since May last year, as investors were spooked by the 6 months delay in naming the ministers. Markets hate uncertainty, and that's exactly what we had.

3. The foreign investors will only reenter the market if they see value in the currency. Nobody is going to buy Naira at 197 when they believe the true value to be 300. Question, if you had $1 million in cash, would you agree to change it at 200?

The only way to solve the liquidity crisis that was created by this very same regime through very stupid policies (such as the imposition of Capital Controls), is to allow liquidity back into the country by allowing the currency to float.

4. The net effect of this should be that foreign money returns to Nigeria to help build the economy into growth. However, our ridiculous and almost absolute dependence on foreign exports means that we are likely to see a further spike in inflation in the short term, as the official Naira rate will likely be 300 to $1.

This provides a tremendous opportunity for local production to take off in a big way, creating millions of jobs in the process. The weak currency is effectively a 50% tax against importation, meaning that we can now manufacture cheaper than imports.

If we are smart, we will seize this opportunity.

Regards

Uvie

3 Likes

Science/Technology / Simple Way To Insulate Yourself Against The Fuel Price Increase by Barcholder: 12:45pm On May 21, 2016
With the enormous uproar caused by the increase in fuel prices from #86.50 to #145 per litre, now is the perfect time for Nigeria to embrace the new product that has just hit the market.

Pay As You Go Solar!

Many people have commented that there should have been palliatives in place before the prices were hiked up. Afterall, how can people now afford to fuel their generators at #145 per litre, nearly 70% higher than before. There actually is already a brilliant alternative on the market, and one that will free you completely from the need to even visit a fuel station again.

From as little as #350 per day, every single Nigerian can have guaranteed 24 hours power to their homes, and never worry about NEPA or high fuel costs again. The rush for the solution had already been extremely high even before the price hike, but the last couple of days has been huge for new customer sign ups.

We very quietly launched this programme several months ago, as we wanted to test the response, and it has grown rapidly purely by word of mouth referrals. In view of the recent event, we could no longer keep quiet to the public about what's available to them.

I want to use this forum to enter into an enlightened discussion with my fellow Nigerians about the very simple options available to them in terms of getting 24 hours power, and not being affected by the huge fuel price increase. This will not be used as a sales platform, as it contravenes the rules of Nairaland, but any sales enquiries can be taken offline.

So, I have fired the starting pistol, I look forward to an engaging discussion with any and everyone, and look forward to answering your questions.

Regards

Uvie Ugono
Founder & CEO
Solynta Energy
Politics / Simple Way To Insulate Yourself Against The Fuel Price Increase by Barcholder: 12:37pm On May 21, 2016
With the enormous uproar caused by the increase in fuel prices from #86.50 to #145 per litre, now is the perfect time for Nigeria to embrace the new product that has just hit the market.

Pay As You Go Solar!

Many people have commented that there should have been palliatives in place before the prices were hiked up. Afterall, how can people now afford to fuel their generators at #145 per litre, nearly 70% higher than before. There actually is already a brilliant alternative on the market, and one that will free you completely from the need to even visit a fuel station again.

From as little as #350 per day, every single Nigerian can have guaranteed 24 hours power to their homes, and never worry about NEPA or high fuel costs again. The rush for the solution had already been extremely high even before the price hike, but the last couple of days has been huge for new customer sign ups.

We very quietly launched this programme several months ago, as we wanted to test the response, and it has grown rapidly purely by word of mouth referrals. In view of the recent event, we could no longer keep quiet to the public about what's available to them.

I want to use this forum to enter into an enlightened discussion with my fellow Nigerians about the very simple options available to them in terms of getting 24 hours power, and not being affected by the huge fuel price increase. This will not be used as a sales platform, as it contravenes the rules of Nairaland, but any sales enquiries can be taken offline.

So, I have fired the starting pistol, I look forward to an engaging discussion with any and everyone, and look forward to answering your questions.

Regards

Uvie Ugono
Founder & CEO
Solynta Energy
Phones / Re: Ntel Opens More Outlets,unveils Unlimited Data Plans by Barcholder: 12:33pm On May 21, 2016
Icecomrade:
Still too expensive.

What would I be buying 10,000 data in a month for. This offer is obvious only for those doing researches who may need it for just a period of time not ordinary mobile users like me.

Especially in this economic hardship

Monthly budget for fuel has increased 36,000 to 80,000
Monthly budget for feeding increased 50,000 to 90,000
Other monthly expenses has doubled
Ntel want us to buy data for 10,000 when u are already enjoying cheaper offers from other networks.

Limited or no limited, they should have more robust options.




On a serious note, are you really spending that much on fuel every month for your generator? If you are, you need to contact me to get a Pay As You Go Solar Power System. You Pay a one time connection fee of N60,000 plus VAT, then its just N26,000 per month. That will give you guaranteed 24 hours a day of power, and there's no maintenance costs to pay at all. That's our responsibility.

If you would like to find out more, check out our website at www.solyntaenergy.com

Regards

Uvie
Politics / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 12:26pm On May 15, 2016
Proudlyngwa:
In other words you are just hiring the unit to us,that price is very high.

That price is high in comparison to what? It's 80% cheaper than running your generator, not including generator maintenance costs. It's by far the cheapest form of energy in Nigeria, even cheaper than PHCN on a cost per KW basis.

With respect sir, I don't think its expensive at all. We have to finance the cost of the entire system, carry out all maintenance work forever, including change of batteries when due. We have to be able to recoup our costs over time, whilst continuing to offer a top level service.

Regards

Uvie
Politics / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 12:18pm On May 15, 2016
[quote author=REDDEVILS1 post=45635913]Which package can power my TV, home theatre, fridge, washing machine, iron and AC. Why the continous payment since after installation the energy to be consumed will be solar [/quote

A 2KW system will power all the appliances stated except AC and Iron. For those, I strongly advice to use them when there's grid power. Otherwise, you will need a very large (and expensive) system to power the AC's in particular. Our Pay as You Go systems go up to 2KW only. For larger systems, you would need to buy on our Lease to Own Program. Typically, you need 2KW just to power a single 1.5hp AC for 8 hours a day, as it consumes in that time the same energy as the rest of your house combined.

Regards

Uvie
Politics / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 4:00am On May 15, 2016
Tokety7:


Thanks for ur explanation but to be honest don't fancy that arrangement at all. Let me go onto ur website and see actual cost.

That's not a problem at all sir, we have various options to suit the requiremnts of all customers. We currently have over 500 customers, and approximately 85% of them are on the Pay As You Go plan, whilst the remaining 15% have either bought off the system for cash, or are on our 24 month payment plan.

You can see all the various pricing options and payment plans on our website

Regards

Uvie
Politics / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 3:48am On May 15, 2016
Tokety7:
These monthly payments will be for how long? Forever?

The payments are ongoing for as long as you wish to continue having 24 hours power, in exactly the same way that you would continue paying any power provider for the power they supply to you, for as long as you continued to consume their power.

That said, we do offer our customers the chance to buy off the system at any given point. We simply provide a redemption statement, based on a discounted value of the system in line with how old it is on purchase. Our purchase prices are very transparent, and are advertised on our website. We also offer easy payment plans, allowing customers to spread the purchase payment over 24 months.

This offer was specifically designed to enable the majority of Nigerians to go Solar and get immediate 24 hours power, without having to invest the huge amount of upfront cost required to buy the equipment. However, it also allows the customer the flexibility to buy the system in the future at any time of their choosing.

Regards

Uvie
Politics / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 3:35am On May 15, 2016
Kingsolex1:


story story!

You know sir, in life there are two types of people - those that moan, complain, and try to tear down the work being done by others, and those that do, that constantly seek out and execute solutions to very real problems, the problem solvers.

Which type of person do you think you are?

May I take your comment as a tacid admission that our packages represent great value for the Nigerian consumer, hence your disbelief of it? In which case, thank you, your comment is greatly appreciated.

Regards

Uvie

1 Like

Politics / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 2:58am On May 15, 2016
Emassive:
Now whats the deal??

Very simple, we will install up to a 2KW Solar Power System in your home (enough to power 90% of Nigerian homes for 24 hours a day), and all you pay is an initial connection fee, and then fixed monthly payments thereafter. There are no maintenance costs to you at all, you simply make your payments monthly and continue to enjoy cheap 24 hours power.

Our prices are as follows:

500 Watt System: Connection Fee of #15,000 plus VAT
Monthly Fee of #8,500

1KW System: Connection Fee of #50,000 plus VAT
Monthly Fee of #13,500

2KW System: Connection Fee of #60,000 plus VAT
Monthly Fee of #26,000 plus VAT

Monthly payments are in advance, so the first month's fee is paid together with the one time Connection Fee.

For full details about each package and what it can power, please visit our website at www.solyntaenergy.com.

You can contact us by email at solar@solynta.com.ng. You can also complete a contact us form on the website. As soon as we receive your email, one of our staff will get back to you as soon as possible. Installation takes just 1 day, so it's really quick.

Kind Regards

Uvie
Politics / Re: Simple Way To Beat The New Fuel Price Hike Is Available Now by Barcholder: 2:45am On May 15, 2016
Hi

Please send an email to

solar@solynta.com.ng, and you can also visit our website and complete the contact form there too. The website address is

www.solyntaenergy.com

Regards

Uvie

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