Though the bolded is rhetorical, here's a probable response...
Read up on reserve based lending (RBL)
Sunrisepebble: As an investor in Oando. My worry now is, how are they funding all these acquisitions? Is the debt profile of the company healthy, I’m still yet to fully sit down with the financials
My Oliver Twist wants to risk it till tomorrow before selling...
Sunrisepebble: I’m waiting to see their (MTN) Q4 result and subsequently Q1 for this year, I’ll be looking to buy it lower than this 256. I’ve heard the price increase from the Telco side is not immediate and each MNO will have to apply for it to be granted...
bigrovar: I came upon this post and it makes me kinda sad. Whoever posted this has obviously been duped by quarks and he is now projecting his experience everywhere. Before I proceed let it be known that I am not an installer neither do I do solar installation commercially.. I don't take jobs so I am not here for business. I am here just to share my experience on the viability of solar as an alternative and how economical it is.
Who am I, and what are my creds. I am an off-grid solar enthusiast and someone who have been using solar since 2016.. I have been completely off the nigerian grid since 2018 and I continue to live off-grid today. I setup my own system DIY and I also contribute a lot in terms of advocacy education and enlightenment on how we can improve the general standard and quality of installation and solar equipment available in Nigeria.
I run a Telegram group called "DIY Solar Nigeria" which has grown to over 6000 members. The group is focused on sharing experience and peer to peer support for Nigerians into solar or about to get into solar. We educate ourselves on best practices, resolve issues, share information on authorized dealers on solar product etc.
Like I said currently power my house completely on solar. I have a 10kW solar array, 10kva inverter and a 28kWh Lithium battery.
This system powers everything in the house. including 2 AC (1 can run for 12 hours and the other can run 24 hours) I also have vaccum, air fryer, 250 liter freezer 220 liter fridge (both of which are always run), I have a 1.5hp water pump, microwave and a home computer lab with over 15 mostly low power computers including a home automation cctv and media system + 2 65 inch TV and a host of other home appliances.
I have been growing my system little by little since 2016.. you can check my post history.
So yes, with the current state of things as at 2025, you can have a solar setup that would power all your house needs at least have 1 or 2 ACs especially if their are inverter ACs,
The biggest challenge is finding a competent installer who would do a competent system for you.
The hardest part of solar is design (it is not different from construction in that regards) once you start with a good design to match usage.. then you are off to a good start.
Here are some solar schematics I have worked on which you can use as reference for your own setup
Oga solar Although I call it Oga solar, this is actually a slightly above mid sized system which should power 1 inverter AC run at least 12 hours a day especially when used with grid. It would be a very good generator replacement. I have indicated the average power that can be put on such a system in a daily basis. https://solarplan-l.openculture.org.ng/?ref=blog.openculture.org.ng