General
321 Lagos Residents with Financial Issues Share N52.7m
By Dipo Olowookere
No fewer than 321 indigent residents of Lagos State have been given the sum of N52.7 million to assist them in handling health challenges, multiple births and other unforeseen situations including road accidents and fire disasters.
The money was released by the Lagos State government, through the Office of Civic Engagement.
Special Adviser to the Governor on Civic Engagement, Mr Benjamin Adeyemi Olabinjo announced this during the week at the Bagauda Kaltho Press Centre, Alausa, Ikeja during the Year 2018 Ministerial Press Briefing of the Lagos State government in commemoration of the third anniversary of Governor Akinwunmi Ambode-led administration in the State.
He explained that the process of disbursement of the financial assistance was meticulously handled by a committee which comprises of government and non-government members who process, make findings and recommend to the government on genuineness or otherwise of application for assistance.
Mr Olabinjo emphasized that in line with the present administration’s inclusive governance policy, the Office has met with various groups and non- governmental organizations to promote activities related to volunteerism, community building and participation in the political process.
According to him, “This is to directly address requests emanating from the communities concerning infrastructure such as road and drainage, electricity transformer, flood control, schools and health facilities”.
“It is also to sensitize the groups on their roles in a democratic dispensation and the need for them to be actively involved in moving the State forward through effective mobilization of the people for participation in political processes”, he added.
Speaking further, Olabinjo disclosed that the Office has identified 10 volunteer groups that were working to alleviate some social issues in the state. Among those listed were the Women of Hope Initiative (a group working for the empowerment of widows), Laudable Support – working on empowerment projects, Team A+ Volunteers, who are providing potable water in the rural communities, and Drug Foundation among others.
The Special Adviser maintained that the Office of Civic Engagement has been educating the populace particularly those who have attained the voting age and others who have lost their voters cards to seize the opportunity of the ongoing continuous voters’ registration to obtain their PVC.
He added that it is important for all adults of voting age to participate in the political process that would produce those that would be at the helm of affairs in the polity.
On Lagos having the highest number of uncollected PVC, the Governor’s aide assured that efforts in the area of advocacy and sensitization would be intensified to see to it that prospective voters yet to collect their PVC do so especially those requiring transfer having moved from their original residences to new ones.
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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