General
COP27: Group Urges Nigerians to Vote Climate Change Conscious President in 2023
By Adedapo Adesanya
Global Initiative for Food Security and Ecosystem Preservation (GIFSEP), in conjunction with Oxfam in Nigeria, has advised Nigerians to vote for a presidential candidate that is climate change conscious as the 2023 election draws near.
Executive Director of GIFSEP, Mr David Michael, made this demand at the grand finale of the African climate caravan in Abuja on Tuesday ahead of the 27th Conference of the Parties of the UNFCCC (COP 27), set to hold in Sharm El-Sheikh, Egypt this week.
He said the African climate caravan is a movement involving several African countries that are telling African communities climate stories and gearing up for COP 27 in Egypt.
Mr Michael stressed that the demand for climate justice became important considering the impact of climate change in Africa and Nigeria.
He underscored the relevance of building a generation that is climate change conscious, hence the art presentation competition by 20 senior secondary schools in the FCT.
He said, “The African climate caravan is a movement involving 28 African countries who are telling African communities climate stories gearing up for the COP 27 in Egypt. In Nigeria, the caravan has been telling the stories of different communities through sports and arts.
“It is very important that we demand climate justice considering the impact of climate change in our continent and our country Nigeria.
“For citizens of Nigeria, it is important to vote for candidates who have a clear understanding of climate change issues.”
He lamented that due to the flood, so many people were displaced, blaming it on inadequate readiness and climate finance.
He, therefore, called for the implementation of several climate change policies already in place even as he called on the Nigerian government to build resilience against the effects of climate change.
“This year, we are all aware of the flood and how the flood impacted the country so badly; we lost people, over 600. So many households are still living in internally displaced person camps. It is an issue of climate finance.
“We need money to tackle these. Good enough, the federal government has been a signatory to all the internal programs – from the Paris agreement, we now have the climate change act.
“We have done a lot of policies, but what I think is lacking is real action on the ground, for example, with the floods that took place, the response was very poor, it took weeks before help could get to people, especially in the states.
“With the flood that took farmlands, there is going to be hunger next year coupled with the crisis between Russia and Ukraine affecting grain supply throughout the world.
“As a country, our people need to build resilience, we cannot continue to write for climate finance from international organisations and the developed countries.
“With the little we have, we need to invest in climate-smart agriculture, if we know that floods will come every year and wipe our farms, why don’t we farm during the dry season? Why don’t we build small earth dams, why don’t we teach our farmers that it is wrong to farm on flood plains,” he added.
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.
In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”
Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.
This was the first time in over a month as the last time the nation witnessed a nationwide shutdown in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
By Aduragbemi Omiyale
Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.
This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.
On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.
One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.
“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”
Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.
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