The African continent is no doubt blessed with abundant resources, but the current energy crisis plaguing the continent has shackled the pace of development in virtually all segments of the economy.
Africa as a continent is the world’s second largest and second most-populous continent surrounded and surmounted with problems of energy utilization. Africa herself has been greatly affected and influenced by the crippling and failing power supply in so much so that the dwindling effect of the energy creeps into other sectors of the economy.
Knowing that Nigeria in particular is affectionately regarded as the giant of Africa yet bedevilled with energy crisis makes it imperative for a proactive solution to the daunting challenge in the energy sector in Africa. Indeed there has been a rising problem of energy crisis causing the nation Nigeria to encountering challenges for minimal achievement within her economy.
Though the country has been making efforts to improving the state of energy capacity but in Nigeria administration it obvious that the energy sector is not optimally working due to mismanagement and unbalanced control stated as a result of total financial loss from corruption in the electricity sector, starting from the return to democracy in 1999 to date.
It also estimated that it may be over $800 trillion USD in the next decade in view of the rate of government’s investment and funding in the power sector, amidst the dwindling fortune and recurrent revenue shortfalls to tackle the current energy crisis within the continent. The availability of energy to Africa is very indispensable because every facet of industry requires it for consistent and efficient productivity and growth of the economy.
Multiple promises made by the leadership within the continent have no place to fulfil consistent energy utilization due to disorder in maintenance and management routines monitored in the power sector. If Africa truly desires to improve in her economy then political forces and it management must be properly and rightly measured and reviewed intensively in care with its capitalists’ entities and other bureaucratic institutions also accurately determined, rightly influenced to have a maintained routine of energy in the power sector.
Africa must decide to face the future of a new era, the era of embracing renewable energy solution, which Solarex is projecting. I believe Africa can have a well managed, organized and digitally bonded energy system with an absolutely disruptive and democratized ecosystem to improve her living state.
The Solarex energy solution which is hinged on the Powering Africa Project is a disruptive, decentralized and democratized solar energy project with the purpose to building a solar energy ecosystem that is clean and affordable for everyone, Africa can have full guarantee of unbreakable energy flow for her growing economy.
Indeed Africa is desperately in need of energy, and Solarex offers a way out of the current energy crisis been faced by the continent with its robust, innovative, cost effective, clean and affordable energy solution that is designed definitely to improve the living condition of the people of Africa and millions of lives all over the world.
This novel project which is built around the Blockchain technology and a crypto-currency enabled transaction system has been projected to be one of the most promising Blockchain based renewable energy project for 2018.
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