General
MAP: DisCos Process 250,000 Applications for Prepaid Meters
By Dipo Olowookere
Not less than 250,000 applications for prepaid meters have been received and processed so far by distribution companies (DisCos) across the country under the Meter Asset Provider (MAP) Regulation of 2018.
The MAP policy was created by federal government through the Nigerian Electricity Regulatory Commission (NERC) to close the current metering gap of about 5.3 million consumers.
Nigeria’s Vice President, Mr Yemi Osinbajo, while speaking at the commissioning projects of Niger Delta Power Holding Company (NDPHC) in Abeokuta on Thursday, August 15, 2019, said efforts were being made to ensure all unmetered electricity consumers are reached.
“On May 1 2019, MAPs, commenced meter rollout; over 250,000 applications have been received and processed by DisCos to date and of course, that is then supposed to be forwarded to MAPs for installation.
“This figure is expected to quadruple by the end of 2019, and double by the end of 2020, largely closing the current metering gap of about 5.3 million consumers,” the Vice President said.
However, he stressed that the DisCos were underperforming, saying that they lack the capacity to supply power to end users because of infrastructure.
“Despite the availability of 8,000MW of generation and 7,000MW of transmission capacity, the lack of DisCos’ infrastructure to absorb and deliver grid power to end users has largely restricted generation to an average of about 4,000MW and sometimes falling below 4,000MW.
“Apart from the lack of infrastructure is the inability of DisCos, first, to provide distribution assets generally and also metering, and you have heard what the MD of TCN said about the unavailability of distribution assets, there is also the unavailability to provide metering to consumers.
“In resolving this issue, the Federal Government stepped in through the Nigerian Electricity Regulatory Commission’s (NERC) Meter Asset Provider (MAP) Regulation of 2018. This is essentially regulation to provide metering, through independent or third parties to consumers all across Nigeria,” he said.
According to the Vice President, “In the past few years, resolving the power supply problem has been top priority for the Federal Government of Nigeria.”
He said, “Today, we have about 13,427MW of installed capacity, and an available capacity of about 8,342MW. This was achieved through the efforts of government and its private sector partners in the rehabilitation and commissioning of turbines in Shiroro, Egbin, Delta Power, Sapele and Gbarain.
“Before the end of the year, new generation is expected from Gbarain and an extra 115 MW; Kashimbilla (40 MW); Afam III Fast Power (240 MW); Gurara (30 MW); Dadin Kowa (29 MW); and Kaduna (215 MW).”
Mr Osinbajo stated that, “In the long term, several solar plants will come on stream. The national grid already has the capacity to transmit 7,000MW, an increase from less than about 5,000MW in 2015 and this is due to the completion and improvement of several transmission projects.
“We have been told by the MD of NDPHC, Mr Chiedu Ugbo, the completion of projects already done by TCN, like the Ikot Ekpene switching station and the completion of the Ikot Ekpene-Ugwuaji-Makurdi-Jos loop, which was done by the NDPHC in 2017.
“But distribution capacity in the 11 DisCos are significantly low, hovering at around 4,000MW on average with a peak of about 5,400MW.”
He described the commissioning of Thursday’s projects as “an important part of the federal government’s efforts to improve the supply and quality of power to homes and businesses in Nigeria.”
According to him, it was part of efforts to open up the space for private sector into the power sector to open up the market to satisfy energy consumers in the country.
“The whole idea of it is to create a regime whereby there can be more willing-buyer-willing seller arrangements. It is in my view completely impossible, to satisfy Nigeria’s power demands from the national grid alone.
“There must be independent power suppliers and this why we have all these regulations for micro-grid and other willing-buyer-willing-seller arrangements and that is the way by which we can go forward and ensure that we are able to serve many of the unserved and underserved communities that we have today.
“These polices when fully implemented, will enable the opening up of the market to new investors in generation, transmission and distribution infrastructure, transacting directly with each other, to serve willing customers and this is the way which the Federal Government will proceed to ensure that we increase some more opportunities to existing DisCos and to other investors who may wish to serve Nigeria’s huge power market, which of course, at the moment is terribly underserved,” he said.
Mr Osinbajo said, “Federal Government is committed to ensuring that we have adequate power supply both in our home and also in our various places of business.
“Power supply is the life blood of any economy and we will remain committed to ensuring that power supply is adequate everywhere.
“Just as you heard, it is certainly not going to be a short walk, but as we have seen, from all what we have heard so far, there so much to be done and we are committed to doing it.
General
Lagos to Get New Building Code in 2025
By Adedapo Adesanya
The Lagos State Government has expressed its readiness to get a brand-new Building Code next year, to achieve the high-performance standards needed to make Lagos a sustainable and Smart City.
The government’s readiness was disclosed at the Lagos State Executive Council Retreat on the Domestication of the Lagos Building Code, organised by the Office of the Special Adviser on e-GIS and Urban Development, held at Ikeja GRA on Wednesday.
Speaking during the retreat, Lagos State Governor, Mr Babajide Sanwo-Olu emphasised the need for more collaboration among all the ministries and agencies in the built sector, to ensure the state development in line with global best practices.
He said the motive behind the Lagos Building Code is to have a building regulation that would make Lagos much more resilient.
“We (Lagos State Government) are the first to domesticate the National Building Code, which is the creation of the Federal Government. We are not doing anything outside the vision at the sovereign and sub-sovereign levels. But what is unique about our own is the fact that all the cabinet members see the need to have an input because it would be an outcome that would affect lives and different ministries and agencies.
“So, there is a need for everybody to have a say, and at the end of the day, collectively we will resolve to have a way.
“What we are trying to do is for Lagos State to do what is obtainable internationally: have a building regulation in which we have a standard of construction in design, manner of land use occupancy, and use of building materials, which we believe would eventually improve and help with health, safety, and occupancy issues.
“It is all about building sustainably, making Lagos a lot more resilient and able to absorb shock in the future and able to stand in the comity of developed cities and city-states as we see in various parts of the world,” he said.
The Special Adviser to the Governor on eGIS and Urban Development, Mr Olajide Babatunde, stated that the Lagos Building Code is to complement the existing regulatory framework and provide a comprehensive solution to the challenges of land use, physical development, and urban planning.
Mr Babatunde said the Lagos Building Code will regulate building control, planning permission, and address the issues of setbacks; take care of the safety and sustainability of the environment; and also prevent the collapse of buildings.
“We have been working on the domestication of the National Building Code, and by next year, we are going to have our own brand-new Lagos Building Code. We have worked with professional bodies and people from academia, market women, and the public in general, and through a participatory approach, we can come out with a document that is acceptable to everyone and useful to the entire state,” he said.
Also speaking, the Special Adviser to the Governor on Infrastructure, Mr Olufemi Daramola, described the Lagos State Building Code initiative by the Babajide Sanwo-Olu administration as the next step to Green Lagos that will enable the state to plan buildings properly and ensure durable infrastructure in the state.
During the retreat, members of the Lagos State Executive Council brainstormed and advocated aggressive sensitisation for residents of the State on the Lagos Building Code before implementation.
General
Apostle Femi Lazarus Emerges Most Streamed Podcast in Nigeria on Spotify
By Modupe Gbadeyanka
A report released by Spotify has revealed that in 2024, Apostle Femi Lazarus was the most streamed podcast on its platform, closely followed by Motivation Daily by Motiversity.
Podcasts are one of Africa’s favourite ways to tell stories. With almost 4 billion minutes of podcast audio played in Sub-Saharan Africa in 2024, the continent’s appetite for this content is loud and clear.
South Africa, Nigeria, and Kenya listened to the most shows this year, with South Africa contributing over 2 billion minutes. If you started playing podcasts on one device today, it would make for about 30 centuries of listening.
“The numbers don’t lie. Podcasting is here to stay because it lets creators take control of their narratives and tell these stories on their terms while bringing their community along for the journey,” the Sub-Saharan Africa Podcast Manager for Spotify, Ncebakazi Manzi, stated.
Motivational shows around issues like managing finances, relationships, personal goals and health remain popular across the three leading countries. Shows like “The Diary Of A CEO with Steven Bartlett”, “Motivation Daily by Motiversity” and “The Success Addicted Podcast” have attracted listeners who want to get their lives in order and learn from the stories of inspirational people.
Audiences in Nigeria and South Africa embrace shows about spirituality. “Christian Motivation” had one of the most shared episodes in South Africa while “Apostle Joshua Selman” maintained his popularity in Nigeria for another year. As the continent’s second-largest podcast market, Nigeria listened to 700 million minutes in 2024 and it created half of the new shows published in Sub-Saharan Africa this year.
Even though spirituality dominated Nigeria’s top charts, the continued popularity of shows like “I Said What I Said” and “The HonestBunch Podcast” tell us that listeners also want conversation-style shows. Listeners in Kenya and South Africa also showed an affinity toward these shows.
A good laugh with friends
The “ShxtsnGigs” podcast, an opinion show hosted by two best friends James and Fuhad, tapped into audiences’ hunger for conversational shows. The humorous podcast has made its way to the top charts in six of the top 10 podcast-playing African countries. In Kenya, The 97s Podcast has been inspired by this approach where funny and frank chats between hosts Trevor, Frank and Dante have led the podcast to take the number-one spot in the country for the first time.
Kenya’s broader listening data shows that relationships are a meaningful taking point. Seven of the 10 most shared episodes in the country discuss love, sex lives and dating. Julia Gaitho’s “So This Is Love” holds three out of the top five most shared podcast episodes in the country. Her interviews resonated because she draws lessons from her guest’s stories about lost lovers.
Some listeners just wanted to laugh through the pain. Ensemble shows like “Mic Cheque Podcast” and “The Sandwich Podcast” made Kenyans feel like they were hanging out with a close circle of friends. When difficult topics come up, moments of infectious laughter help lighten the mood.
Women creators like Murugi Munyi, Julia Gaitho, Sharon Machira and Lydia K.M. take this comedic approach to a new level on shows like “The Messy Inbetween” and ‘It’s Related, I Promise’. This genre contributed heavily to the country’s 400 million podcast minutes streamed in 2024.
Below are the most streamed and shared podcasts for the year;
TOP STREAMED PODCASTS IN SOUTH AFRICA |
TOP STREAMED PODCASTS IN NIGERIA |
TOP STREAMED PODCASTS IN KENYA |
2. Motivation Daily by Motiversity 3. Success Addicted Podcast with the voice of Earl Nightingale ; Napoleon Hill ; Jim Rohn and many more |
TOP SHARED PODCAST EPISODES IN SOUTH AFRICA |
TOP SHARED PODCAST EPISODES IN KENYA |
TOP SHARED PODCAST EPISODES IN NIGERIA |
|
|
|
General
Watt Renewable Secures $15m Loan for Hybrid Solar Power Plants in Nigeria
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.
-
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