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February 23, 2024
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Firm to boost Nigeria’s energy sector with Artificial Intelligence

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By Florence Onuegbu

Inq Group, a Pan-African edge technology provider, has developed Artificial Intelligence (AI) product to boost the efficiency of the energy market in Nigeria.

The Chairman, Inq Group, Mr Andile Ngcaba, said this at a news briefing on Tuesday in Lagos.

Ngcaba said the AI solution would be integrated into the distribution network of energy distribution companies (DisCos) for real-time analysis of energy flow and tracking of energy leakages.

According to him, the firm operates in 10 countries across the emerging markets.

He said the company’s goal in Nigeria was clearly to use AI to make energy generation, transmission and distribution more efficient.

Ngcaba said that in each of the 10 countries it operated, the company focused on providing specific solution, using AI, hence, focusing on the energy sector in Nigeria.

According to him, Inq has the capability that will help Nigeria grow and move from the level it is in information technology to a much higher level.

“Inq has one singular capability that no one can compete with us in Africa, in the field of Artificial Intelligence.

“Artificial Intelligence is a knowledge and skill that every country, every company, every individual, every good business requires.

“We have locally built the continent’s leading intellectual property in Artificial Intelligence. Our products aren’t plug-ins to another man’s technology.

“We will lead the continent’s adoption of AI and bring it to real-life cases in agriculture, energy, and digital recognition.

“Inq possesses the knowledge, the intellectual property in the field of artificial intelligence, and we are bringing AI in Nigeria, in order to make sure that Nigeria must participate in the AI that is taking place in the world,” he said.

Ngcaba said that Inq Group had operated in Nigeria for about four years and had provided enterprise-level cloud, connectivity, and IoT solutions for businesses in the country.

Also speaking, Mr Valentine Chime, the Managing Director, Inq Nigeria, said that electricity in Nigeria was powered by DisCos, who collect monies from end users to pay the companies transmitting and generating electricity.

Chime said that the DisCos had struggled to remain profitable, due to the lack of proper analytics to track the distribution and detect mass leakages.

”This is where we come in. We are already in talks with the government for adoption,” he said. (NAN)(www.nannews.ng)

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Edited by Chinyere Joel-Nwokeoma

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