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Femi Gbajabiamila: Harnessing Nigeria’s Renewable Energy Potential

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Femi Gbajabiamila

Femi Gbajabiamila, Chief of Staff to the Nigerian President and former Speaker of the House of Representatives, recently reiterated President Bola Ahmed Tinubu’s plans designed to bolster and sustain nationwide electricity supplies.

Olufemi Hakeem Gbajabiamila revealed that the Eko Electricity Distribution Company had commissioned a 2 x 20 MVA injection substation off Randle Avenue in Surulere, Lagos, furthering the government’s commitment to strengthening power supplies across its franchise area. Olufemi Gbajabiamila, who was represented by Wasiu Sanni Eshilokun, the Senator for Lagos Central Senatorial District, revealed that the government’s collaboration with Eko Electricity Distribution Company and other stakeholders had been pivotal in bringing the project to fruition.

The scheme has highlighted what can be achieved when private and public entities join forces with a shared purpose, as Femi Gbajabiamila pointed out. He explained that one of the two units for the 20 MVA injection substation was facilitated during his tenure as Speaker of Nigeria’s House of Representatives, restating the government’s commitment to improving electricity supplies in the community. Mr Gbajabiamila also commended Randle Mechanic Village’s automobile technicians for their cooperation and understanding in allowing the government to put the facility in a section of their workshop.

As Olufemi Gbajabiamila highlighted, President Bola Tinubu is committed to ensuring improved electricity supply across Nigeria, with his administration constantly interfacing with stakeholders in the power sector to address multifaceted challenges hampering the stable supply of electricity. To this end, President Tinubu has allocated more than 340 billion naira in the 2024 budget with the goal of improving infrastructure. President Bola Tinubu is also concerned about reports of energy theft, as well as the theft of power infrastructure.

Dr Dere Otubu serves as Chairman of the Board of Directors for Eko Electricity Distribution Company. Dr Otubu expressed his gratitude to the people of Surulere for their patience, steadfastness and tenacity. Reflecting that his company stood for improving the quality of lives of its customers by providing safe, sustainable and reliable electricity supplies, Dr Dere Otubu indicated that the new infrastructure would help Eko Electricity Distribution Company to meet its commitment to the people of Lagosian and Surulere. To that end, he reiterated the company’s commitment to distributing power reliably, safely and consistently, pointing out that the Agbara community was next in line to have their project commissioned.

Represented by Mr Biodun Ogunleye, Commissioner for Energy and Mineral Resources, Mr Babajide Sanwo-Olu, Governor of Lagos State, reaffirmed the government’s commitment to ensuring that residents across Lagos are able to enjoy reliable and constant electricity. Mr Sanwo-Olu cautioned the local community to guard the equipment, refraining from activities that may affect the state of power in Surulere.

In the realms of renewable energy, Nigeria shows huge potential, with the Nigerian National Petroleum Company Ltd (NNPCL) having recently announced several planned infrastructure projects paving the way for a nationwide transition to renewable energy. Opportunities for investment cover a range of different renewable energy specialties, including:

  • Palm oil biodiesel
  • Casava fuel ethanol
  • Sugarcane fuel ethanol
  • Solar and wind energy power production
  • Emissions reduction

Recognising the vast potential posed by the country’s growing renewables industry, the Nigerian Government recently announced ambitious plans for the sector, including the goal of meeting almost half of the country’s power needs through renewable energy sources by 2030. With an ever-increasing demand for energy across the nation, President Tinubu recognises the significant opportunities posed by embracing renewables, not only in terms of easing the burden on the country’s existing power infrastructure but also in opening up a path for further economic development.

President Tinubu recently announced a new government policy to expand the Nigerian power sector’s value chain, potentially granting access to a market for carbon credits with a global value of circa $261 billion, providing far-reaching entrepreneurship and employment benefits for manufacturers, suppliers and installers, as well as benefiting a host of associated industries.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation

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ANLCA Airport Chapter

By Bon Peters

The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.

At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.

At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.

“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.

He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.

The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating  trade and increasing Revenue generation.”

“I remember I told her she was a mother during her maiden visit to the airport.

“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.

“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.

Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.

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FG Declares Holidays for Christmas, New Year Celebrations

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as public holidays

By Adedapo Adesanya

The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.

The government also declared Thursday, January 1, 2026, for the New Year celebration.

The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.

According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.

Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.

He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.

Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.

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Dangote Refinery Warns Against Artificial Petrol Scarcity

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petrol scarcity

By Modupe Gbadeyanka

Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.

The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.

“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.

“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.

It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.

With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.

Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.

“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.

Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.

By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.

Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.

“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.

“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.

“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.

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