Schneider Electric Launches Products to Reduce Nigeria’s US$29 Billion Annual Power Disturbances Cost


Schneider Electric, the leader in digital transformation of energy management and
automation recently launched a range of smart solutions adapted to the Nigerian
environment, to drive down the cost of power disturbances from an alarming US $29

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Based on figures from World Bank, the Nigerian economy annually loses as much as
US $29 billion to power disturbances across its various sectors of its activities.

From high maintenance cost for appliances and installations through electrical fires
and loss of lives, power disruptions and total blackouts continue to plague businesses
and households.

These range of products are categorised as critical power management, smart homes,
and lighting, home and distribution solutions.

According to the head of Partner and Buildings Business for Schneider Electric,
Anglophone West Africa, Mojola Ola in a statement, “these solutions are safe because
they avoid electrical fires; are efficient in helping one save money by reducing energy
spend; are reliable by preventing failure of electrical distribution; and are compliant
because they demonstrate Schneider Electric’s commitment to sustainability, a key
policy for the company.

He further added, “with the right tools, you can leverage data for: space management,
occupant well-being, occupant engagement, and operational efficiency.

“These products lead to reduction in maintenance, increase in productivity, and
reduction in CO2 emission.

“They will help customers reinvent buildings, particularly those of financial
institution, hotels, airports, healthcare, offices, and even homes.”

In times of pandemics, the importance of space management is essential to ensure safe
distancing, monitoring of occupancy levels, and adapting to office layout.

Also, occupants’ well-being is enhanced through the use of Schneider Electric’s
Ecostruxure to confirm optimal humidity and to check air circulation.

To improve occupants’ engagement, the launched product guarantees effective
communication, easy access to IT tools and seamless navigation around the office.

Targeting operational efficiency, one of Schneider Electric’s new technology made
provision for smarter cleaning, optimized building management and power systems,
as well as a better management of amenities.

Beyond cost savings made from averting power disturbances, the Schneider Electric’s
Ecostruxure recent initiatives have enormous benefits for Nigerian IT experts,
business owners and corporate organizations, even for governments at various levels.

Peter Okafor
Peter Okafor
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

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