Olofa partners RanaPower
The Olofa of Offa, Oba Mufutau Gbadamosi Esuwoye II is to partner RanaPower Solar Energy Company Ltd, Ilorin in its drive to address energy problems facing Nigeria. This came to the fore on Thursday, May 29, 2014, when the Vice-Chancellor of the Kwara State University (KWASU), Malete, Professor AbdulRasheed Na'Allah paid him a courtesy call in his Palace to introduce the company's Chief Executive Officer, Dr. Yuan Xu.
RanaPower established by KWASU in collaboration with three organisations, including NSB Worldwide Inc. (USA); First Sunergy Inco. (USA); and Chinaland Solar Energy Company (China), is said to be the first (commercial) Solar Panel Manufacturing Company in Nigeria.
According to the Royal Father, RanaPower, when fully operational, is capable of improving the country's socio-economic growth and attracting foreign investors to the country. He noted that as an entrepreneur himself, he spent huge sums of money on diesel at his farm in Offa and also for other establishments in the town and across the country.
The monarch therefore commended KWASU for finding a lasting solution to the country’s major crisis.
On his part, Professor Na'Allah described the Olofa as a major supporter of KWASU and one of the leading Nigerian entrepreneurs, which he said earned him an award by the University's Centre for Entrepreneurship alongside the Jagunmolu of Igbominaland, Alhaji AbdulRaheem Oladimeji.
The Vice-Chancellor stated that the monarch would be one of the major shareholders of RanaPower and among delegates to China very soon, in continuation of efforts at ensuring smooth take-off of the company. He added that the company would start production of solar panels in the next few months and also begin processes to start solar farm which will distribute electricity in the country.