Actor Fabian Lojede says ‘Nigeria is close to renewable energy revolution’

Fabian Lojede, the Nigerian actor, has ventured into the technology sector with the co-founding of Taranis Novus, an investment company. 

In a recent statement, Lojede, who starred in ‘Jacob’s Cross’, the African series, also announced a partnership with LithTech, a renewable energy company.

Speaking on the partnership, Lojede said renewable energy is the “new age of technological revolution”.

“Nigeria is at the precipice of a renewable energy revolution,” he said.

“This is based on the cost of energy, generally, across Africa and particularly in Nigeria, and the fact that renewable energy like solar and other renewable energy platforms have really improved in technology, and also in accessibility.

“We are almost at that stage that we were when GSM came and I think the next kind of technological revolution that will take place is the adoption of renewable energy platforms and formats.”

Lojede believes Nigeria’s transition to renewable energy is attainable through strategic partnerships and government-provided carbon credit incentives.

“The initial cost of investment might be slightly higher, but most of the time, it pays for itself,” he said.

“So in terms of being sustainable and accessible to people, I believe we are on the right path.”

Kehinde Olaleye, the deputy managing director at Taranis Novus, said the organisation’s goal is to “decrease the cost of living for Nigerians”.

“Our impact and what we want to do with this product is to power up Nigeria. This has been going on for so long and I think this is the right time given subsidy removal,” he said.

“Our goal which fits rightly into the federal government’s goals as well lies in sectors such as education and health. We aim to bring the cost of energy solutions in hospitals down so that any Nigerian can afford good health.

“The other thing is that the consumption of things in Nigeria is going higher because the cost of operation of MSMEs and companies is about 70% on diesel.

“So they have to pass the costs on to customers. We are providing a solution that can save them 50%. We believe out of that 50%, maybe 10% will go for profit, the 10% will go for research and development and then 10% will be reduced for the cost of living which will benefit all Nigerians.”

On his part, Leo Liu, the international sales director at LithTech Global, expressed the company’s enthusiasm to train Nigeria in solar energy technology, offering off-grid solutions to both residential and commercial customers.

In the new partnership, Taranis Novus exclusively holds distribution rights for LithTech products and solutions across Africa, except South Africa.