General
Nigeria Targets 54% LPG, 20% Electric Stove Usage in Six Years
By Adedapo Adesanya
Nigeria has set to target of 54 per cent Liquified Petroleum Gas (LPG) usage and 20 per cent electric stove usage by 2030, according to the National Clean Cooking Policy.
The policy which already has been approved by the Federal Executive Council (FEC) aims to reduce greenhouse gas emissions, improve health, create jobs, and protect the environment.
According to the Minister of Environment, Mr Balarabe Abbas Lawal, the policy seeks to increase LPG usage from its current levels to 54 per cent of the total clean cooking energy mix by 2030, as part of the country’s efforts to transition to a cleaner and more sustainable energy future.
Mr Lawal also said the policy also targets 13 per cent fuel-efficient biomass cookstove usage, 5 per cent representing briquettes from mostly agricultural waste and 3 per cent biogas usage by 2030.
The Minister noted that the policy aligns with Nigeria’s Nationally Determined Contribution target, net-zero 2060, Energy Transition Plan, and carbon-neutral clean cooking future.
He said the implementation of the policy is expected to create approximately 10 million direct employment opportunities for youths, ranging from assembling local raw materials to the production and distribution of clean cookstoves.
According to him, the Ministry of Environment has already begun engaging with local cookstove manufacturers and development partners like the World Bank to achieve the set targets.
He said, “The full implementation of the National Clean Cooking Policy of Nigeria will attract about 10 million direct jobs among youths ranging from the assembling of local raw materials to production and chains of distribution of clean cookstoves in addition to the carbon credit earning which the development of national carbon market framework is in process.
“The National Clean Cooking Policy in Nigeria approved by the Federal Executive Council, FEC, is to mitigate greenhouse gas emission, improve health, create jobs, build livelihoods, protect the environment, prevent deforestation, help families, institutions and businesses save time and money.
“The full implementation of the policy would also enable Nigerians to achieve the Nationally Determined Contribution target, net zero 2060, Energy Transition Plan, and carbon-neutral clean cooking future by the year 2060 which the country has made commitments.
“In line with the Energy Transition Plan, 20% of the total clean cooking target shall come from electric cooking, comprising grid and off-grid sources, and 54% from Liquified Petroleum Gas. The share of fuel-efficient biomass cookstoves will rise to 13% before its expected decline in a post-2030 clean cooking scenario.
“Other components of the 2030 target include 3% for biogas, representing ethanol, biodiesel, methanol and 5% representing briquettes from mostly agricultural waste,” the document showed.
The minister noted that the policy aligns with the clean cooking targets in the updated NDC (2021), National Climate Change Policy of Nigeria (2021-2030), Climate Change Act (2021, and National Gas Policy (2017).
“The Policy would be implemented by the relevant Federal MDAs and transmitted to the 36 states and FCT, for buy-in and domestication. The policy recognizes the role of states and local governments as well as all stakeholders in achieving its key recommendations, which include; awareness creation, integrated solutions, capacity building, and financing.
“Others include institutional cooking, planning and institutionalization, collaboration, incentives, technologies, and research among others.”
General
Popoola Pushes for People-Centric Leadership
By Aduragbemi Omiyale
The chief executive of the Nigerian Exchange (NGX) Group Plc, Mr Temi Popoola, has called for people-centric leadership, stressing this is the only way to navigate the multifaceted challenges of a globalized world.
He made this submission at the Taj Lands End Leadership Summit in Mumbai, India through his thought-provoking keynote address.
“Leadership is not just about the boardroom; it is about showing up authentically in every aspect of life,” Mr Popoola stated at the event themed Authenticity, Leadership, and Hope for the Future, reflecting on the vital role of spirituality and lifelong learning, crediting these pillars for providing strength and resilience during periods of uncertainty.
The summit provided a platform for the Nigerian business leader to share a narrative that was equal parts personal and strategic.
The views of the NGX Group chief reflected his diverse life journey, which spans an upbringing in the United Kingdom and Nigeria, a robust academic foundation in chemical engineering and finance, and a career marked by leadership excellence across continents and sectors.
He highlighted how these experiences shaped his global perspective and ability to drive innovation within complex organizational structures.
According to him, leaders must embrace self-awareness and empathy to build cohesive teams capable of delivering exceptional outcomes.
As the leader of one of Africa’s most prominent stock exchanges, he underscored that the strategic act of hiring and retaining the right talent and fostering a culture of collaboration is pivotal for long-term success.
Drawing from his experiences, he shared how challenges in leadership have been mitigated through lessons learned from mentors and the wisdom found in books, both of which continue to shape his decision-making process.
However, Mr Popoola expressed optimism for the future, particularly in developing nations like India and Nigeria, describing the youth in these regions as untapped reservoirs of innovation and growth, urging leaders to strategically invest in their development to unlock transformative potential.
He further articulated a clear vision for leadership that resonates across industries and geographies. He called on leaders to prioritize authenticity, champion continuous learning, and harness the power of human capital to address both immediate challenges and future opportunities.
His address was not only a call to action but also a strategic framework for navigating the evolving dynamics of global leadership.
General
70% of Nigerians Lack of Access to Electricity—Shettima
By Adedapo Adesanya
Nigeria’s Vice President, Mr Kashim Shettima, has said between 40 and 70 per cent of Nigerians still lack formal access to electricity, underscoring the urgent need for reform in the nation’s power sector.
Mr Shettima worried that the power sector crisis is crucial for Nigeria’s economic development and industrialization, noting that countries like Indonesia, India, and South Africa, have overcome energy insufficiency and were now leading in economic advancement.
Speaking at the inauguration of the National Economic Council (NEC) Ad Hoc Committee on National Electrification at the Presidential Villa in Abuja, he urged leaders in the country to rise above differences to confront the power sector crisis and become part of the reincarnation of Nigeria as an industrialized nation.
The Vice President said there is no way Nigeria could dream of meaningful national economic development without addressing the power sector crisis and ensuring Nigerians have access to electricity and other affordable energy.
“An estimated 40-70 per cent of Nigerians have no formal access to electricity. There is no doubt that we cannot dream of meaningful national economic development without addressing the issue in the power sector and ensuring that Nigerians have accessible, available and affordable energy,” he stated, acknowledging the basic challenges in the nation’s power sector, especially the national grid which has been witnessing system collapse.
The VP, however, expressed hope that there will soon be significant improvement following the recent reforms in the energy sector which have opened the sector, “not only to the participation of, otherwise, excluded players, but also to attract investments, both foreign and local.
“I believe we are well endowed with resources, be it gas, hydro or solar, that allow us to have an optimal energy mix and leverage these resources to build a sector in a resilient manner that ensures energy security for every Nigerian,” he added.
The Vice President urged members of the National Electrification ad hoc committee to come on board and work for the nation.
“I wish you the best as you embark on this critical assignment, and I want to assure you of my availability as you discharge this onerous assignment. With this, I hereby inaugurate the NEC ad hoc committee on National Electrification Strategy and Implementation Plan,” Mr Shettima said.
On his part, the Chairman of the NEC Ad Hoc committee on National Electrification and Cross River State Governor, Mr Bassey Edet Otu, noted that the Vice President has empanelled the committee with four terms of reference to change the ugly history of incessant national grid collapse in the country, revealing that their next task is to get down to work, and do so assiduously until they produce credible, achievable and sustainable results.
“In the command list, one is to put an end to consistent grid collapse in the energy sector and to work towards deepening states’ engagement within the Electricity Reform Act 2023 to address the challenges in the power sector to the best expectation of Nigerians and the National Electrification Strategy and Implementation Plan.
“These tasks are tall but looking at the members of the committee, we are individually and collectively taller, especially in our avowed commitment to the Renewed Hope Agenda of Mr. President and the golden ethos of nation-building,” he said.
General
‘Pure Water’ Manufacturers Increase Price by 67% in Lagos
By Dipo Olowookere
Manufacturers of sachet water, popularly known as pure water, have increased the price of a bag of the product by about 67 per cent in Lagos.
Business Post gathered that a bag containing 20 sachets of water, which usually sells for N300, is now being sold for N500.
This newspaper learned that the sachet water producers raised the price as a result of the rising production costs.
To enforce this new price hike, they embarked on a strike, making the product scare and imposing fines on members who were caught selling to the customers.
As a result of the new development, retailers now sell sachet water for N50 each and three for N100.
In 2015, this product was sold for N5 but due to rising inflation and high cost of production, the price has risen by 900 per cent in less than a decade.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking6 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN