Friday, 26 March 2021 05:28

FG’s Tech Incubation Centre begins production of LED bulbs, others

Rate this item
(0 votes)

Technology Incubation Centre in Ekiti has begun the mass production of energy-saving LED bulbs, the manager of the federal government-owned centre, Fasan Babatola, has said.

He said during a media tour of the centre that the production was achieved in collaboration with AB Tech Electronics, one of its 30 entrepreneurs, currently located at the centre where they were currently camped and conducting research to proffer solutions to some of the nation’s problems.

According to him, the LED bulbs, which come in both screw and pin forms, are in 3 W, 5 W and 9 W capacities, aimed at addressing energy conservation for homes and businesses.

He disclosed that raw materials for the mass production of the energy saving bulbs abound in large quantity, and that it was also commercially viable, as every home needs electric bulbs, especially energy saving ones

“We are even going into mass production now. I can assure that we can roll out hundreds of thousands of these products within months.

“We can also assure that the energy saving LED bulb production is sustainable because everyone and all nations are trying to conserve power and Nigeria is not an exception”, he said.

He explained that both the entrepreneurs and the centre were expecting fairly good profits on the project, after executing their different lines of actions.

TIC, an agency of Federal Ministry of Science and Technology, had also commenced production of rechargeable bulbs and electrical insulators.

Babatola explained that the terms of the TIC’s partnership with the entrepreneurs was to camp them and incubate their products in its premises, provide technical expertise, mentor, as well as nurture them to maturity.

However, in order to qualify, he said, such entrepreneurs must have first registered with the agency under its open mentorship scheme, aimed at encouraging technological growth of the country, tackling employment and empowering businesses to grow.

The Centre manager also disclosed that 29 other product lines being undertaken at the centre, were currently operational, cutting across different spheres of the economy.

He listed some of them to include Asbestos Free ceiling tiles, Electrical insulators, simple agricultural equipment, dry foods processing, yoghurt production, Zobo fortified drink production, pharmaceuticals, cosmetics, as well as animal feeds production.

Others are wall bracket design, herbal ulcer production, cocoyam flour production, castor oil, potato and beans flower production, plantain chips, as well as local rice processing.

The manager also said SON and other regulatory agencies’ certification were being processed for the products.

Babatola appealed to the state government to provide the centre with a bigger transformer, to increase electricity supply, as well as establish an industrial park in the state to enable the Centre accommodate more entrepreneurs as its current premises was not enough to accommodate the high number of willing investors.

He also called on the federal government to consider creating a special dedicated fund for entrepreneurs under incubation, and also help address the centre’s mobility problems.

Three entrepreneurs, Tope Popoola, Olori Popoola and Francis Olukayode expressed gratitude to the federal government for providing such a platform, to facilitate the growth of investments and realisation of visions.

 

NAN

 

December 28, 2024

Nigeria, China extend currency swap deal

Nigeria and China have renewed their 15 billion yuan ($2 billion) currency swap agreement, extending…
December 27, 2024

Bauchi governor accuses Tinubu of anti-North policies, warns of backlash

Bauchi State Governor Bala Mohammed has criticized President Bola Tinubu’s tax reform policies, calling them…
December 27, 2024

Scientists tracked 1,000 kids for 40 years. This was the No. 1 predictor of financial success

If you wanted to figure out what really matters for raising happy, successful kids, you’d…
December 28, 2024

Man accidentally drops iPhone into donation box, Temple refuses to return it

In a surprising incident in India, a man who accidentally dropped his iPhone into the…
December 27, 2024

Christmas Day attack on Benue community claims 11 lives

At least 11 people have been reportedly killed in Tor Azege community in Kwande Local…
December 28, 2024

What to know after Day 1038 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine's Zelenskiy: North Koreans suffering battlefield losses, unprotected by Russian forces North Korean…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
December 17, 2024

Ademola Lookman named 2024 CAF Men’s Player of the year. These players won in other…

Ademola Lookman, the Super Eagles winger, was crowned the 2024 CAF Men’s Player of the…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.