General
Police Set up Tactical Team for NLNG Train-7 Project in Bonny
By Adedapo Adesanya
As the planned construction of the seventh gas processing plant of the Nigerian Liquefied Natural Gas Limited (NLNG) commonly known as Train-7 project commences, the Nigeria Police Force has set up a tactical team for crisis management and security in Bonny.
This was put in place following the move by the Deputy Senate President, Mr Ovie Omo-Agege and the Inspector General of Police, Mr Mohammed Adamu, to engage with the host communities and relevant stakeholders in providing a secured environment for the project.
The duo spoke in Bonny Island over the weekend during a familiarisation visit to Bonny stakeholders at the palace of the Amayanabo of Bonny, Mr Edward People, while sharing ideas on how to provide security for the NLNG’s Train-7 project.
Mr Omo-Agege, represented by his SSA on Community Affairs, Conflict Resolution and Local Content Matters, Mr Christopher Agaga, said the IGP’s Tactical Team for the Bonny Kingdom would manage the security coverage of the project in collaboration with other security agencies in the country.
He said the move was imperative following the level of importance which the federal government attaches to the Train-7 project, which would create thousands of direct and indirect jobs as well as revenue generation.
He also stated that the IGP Tactical Team will partner with all relevant stakeholders in ensuring that opportunities in the project are available to the host communities in particular and Nigerians in general.
“The NLNG Train-7 project is the biggest in Africa. It is also the most attractive project in Africa, hence it will attract the good, the bad and the ugly. It will attract people that have good intentions and negative intentions.
“Based on that, the IGP being the chief internal security officer of the country, has set up a tactical team for crisis management to manage security for the project, working with the community and all stakeholders. It is important for a strong security architecture is put in place,” the lawmaker from Delta State said.
Also, the Inspector General of Police, represented by the Team Lead, IGP Tactical Team on Train-7, ACP Usman Magaji, said given the huge economic potentials of the project, it has security implications for the host community and the country.
The IGP explained that this informed the need to engage stakeholders on how to tackle any security challenges that may arise before, during and after the project.
“We know that the NLNG Train 7 project is of immense economic potential for the country and for the Bonny Kingdom, hence the security implication for the host community and the nation at large,” the police chief said.
On behalf of the communities, the Chairman, Bonny Council of Chiefs, Mr Se-Alabo Dagogo Wilcox, who commended the Deputy Senate President and the IGP, said Train-7 project was one that everyone in the kingdom looked forward to.
Mr Wilcox noted that security was of paramount importance in the project and then assured the team of Bonny Kingdom’s support to ensure that the IGP Tactical Team succeeds on its mandate.
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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