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African Leaders Backs Action to Address Climate Change

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By Dipo Olowookere

African Heads of State and Government marked Africa Day in the Africa Pavilion at the UNFCCC 22nd Conference of Parties (COP22) on Friday with focused and strategic discussion on the ratification and roll out of the implementation of the Paris Agreement and the key continental initiatives to support member states’ efforts.

President Alpha Condé of the Republic of Guinea presided over the High Level gathering also attended by the Presidents of Botswana, Mr Ian Khama; Liberia, Ms Ellen Johnson Sirleaf; Togo, Mr Faure Gnassingbe, Ministers from the continent, heads of Pan African Institutions; the African Union Commission, the African Development Bank, the Economic Commission for Africa, NEPAD Planning and Coordinating Agency and; development partners.

The Africa Day event had the dual themes of “Moving from Commitment to Action with Nationally Determined Contributions (NDCs)” and “The Africa Renewable Energy Initiative: Moving Forward.”

As Climate Change is one of the greatest challenges facing the world, with Africa already experiencing some of the most severe impacts, the continent’s leaders have proactively responded with the establishment of the Committee of Africa Heads of State and Government on Climate Change (CAHOSCC) and the African Group of Negotiators (AGN) on Climate that have thus far, tremendously influenced global negotiations.

Presence of heads of state at COP22 and the Africa Day event further demonstrated the importance placed on securing the continent’s interests within the global climate governance mechanism and in defining the roadmap to reduce global temperature rise to ‘well below’ 2oC goal, considered by the Intergovernmental Panel on Climate Change (IPCC) as the threshold for averting dangerous changes to the climate system.

COP21 in Paris in December 2015, delivered the landmark Paris Agreement in which the Intended NDCs emerged as the game changer and primary mechanism for reducing global temperature rise. To date 46 African countries have signed the Paris Agreement and 27 out of 103 countries have ratified the Agreement that entered into force on 4th November, 2016.

Africa has seized the opportunity of COP22, dubbed the action COP, to demonstrate leadership in the implementation of the Paris Agreement, through the NDCs and in ensuring that the means of implementation, namely finance, capacity building, technology development and transfer – the cornerstones of implementation- are provided.

Beyond COP22 a critical issues is the alignment of NDCs with existing national development priorities and initiatives. Implementation will be enhanced and supported by pan- African initiatives and programmes operating through a range of partnerships, two of which are: The African Adaptation Initiative (AAI) and; the African Renewable Energy Initiative (AREI). The latter, supported by the governments of France and Germany, seeks to achieve at least 300 gigawatts of renewable energy capacity by 2020.

Emphasising the importance of energy access, President Condé noted that out of 1 billion Africans 700 million have no access to energy. “Since 2002, we have fought to ensure that production is accelerated and increased,’’ further expressing satisfaction at the funding for AREI as an indicator that Europe is taking steps to deliver on commitments for implementation.

President Konde said that Africa needs to develop on the basis of an energy mix “but we also need to develop fast, and the faster Africa has access to energy the faster Africa will develop”, he said.

AfDB President, Akinwumi Adesina said energy is the engine of Africa’s growth and development and reinforced the need for an energy mix of on and off-grid systems. “Let’s turn pledges on paper into projects on the ground. Let us together deliver success for Africa. Let us together light up and power Africa!” he urged.

“All these initiatives fit very well into our African Union Agenda 2063 where we want to have a prosperous Africa based on inclusive growth and commits Africa to pursue a sustainable development path where climate resilient programs play a major role while we protect our environment through renewable energy”, said Chairperson of the Africa Union Commission (AUC), Dr Nkosazana Dlamini Zuma, in a statement read on her behalf by Dr Elham Mahmoud Ahmed, Commissioner for Infrastructure and Energy, AU Commission.

Mr Abdalla Hamdok, ECA Executive Secretary a.i, emphasised the importance of aligning Africa’s climate change initiatives with sustainable development noting that “The impacts of climate change in Africa are increasing in complexity resulting in new and emerging threats to lives and livelihoods, catalysing new migration dynamics, disasters and conflict and lost economic opportunities.”

Egypt’s Minister of Environment and President of the African Ministerial Conference on Environment (AMCEN), Mohammed Fahmy, also welcomed the initiatives and encouraged good governance and transparency as the foundation of implementation.

COP21 and 22 Presidents, Segolène Royal of France and Salaheddine Mezouar of Morocco, also participated in the event. ‘This is an African COP, the biggest economies must fulfil their commitments to Africa’, said Ms Royal.

Mezouar, COP22 President said ‘Africa must and will electrify at the lowest cost’, and that the COP 22 roadmap should “respond to the issues of financing, access to electricity and capacity building to increase the success of projects….” Further emphasizing that it was time to put an end to clichés about African countries’ ability to carry out projects.

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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Anambra Moves to Curb Erosion Menace

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By Adedapo Adesanya

Anambra State Executive Council (ANSEC), under Governor Charles Soludo, has taken a bold step to address the pressing issue of erosion in the state, while also recovering government lands and awarding strategic projects aimed at boosting the state’s economy and improving the quality of life of its citizens.

The Commissioner for Information, Mr Law Mefor, made this known after the 25th ANSEC meeting held recently at the Lighthouse, Awka.

He revealed that the meeting noted with grave concern the existential threat posed by erosion in Anambra, citing the careless actions of communities and regulatory bodies that have disregarded environmental regulations.

“The council has decided to step up enforcement measures to force individuals to build and manage storm waters from their houses and for communities to follow specific guidelines, such as building erosion barriers and excavating sand only in designated locations,” Mr Mefor stated.

He emphasised that the government will not hesitate to take stern action against individuals and communities that fail to comply with environmental regulations.

To address the issue, the government will enforce strict adherence to environmental regulations, mandate the construction of erosion barriers and proper sand excavation practices, and collaborate with relevant agencies to hold those responsible for the erosion menace.

It is also confident that with the support of the people, it will overcome the challenges posed by erosion and achieve its vision of making Anambra State a destination where economic and business activities thrive.

Furthermore, the council has resolved to form a committee to reclaim government lands in and around Anambra State that have been intruded upon and built upon without permission.

“The government will not stand idly by while its lands are being grabbed and misused. We will take all necessary steps to recover these lands and ensure that they are used for the benefit of the people of Anambra State,” Mr Mefor said.

ANSEC has also awarded several strategic projects aimed at enhancing the state’s infrastructure development.

The projects include the provision of a water supply to the Ekwulobia Flyover Bridge Fountain and the ornamental garden for Double NC Construction & Logistics Ltd; the installation of a 3-way traffic light, including pedestrian lights, at the Ifite-Amenyi intersection within the Awka metropolis to S.N.U. Ventures, and the supply and installation of two 10 kVA inverters with 15 kW lithium batteries at the Anambra State Civil Service Commission Building in Awka to Kennolly Enterprises.

Others include the supply and installation of transformer substations at Nnewi and Umueze-Anam communities for Aries and Gold Ventures Limited, and Aljovic Construction Limited; and the landscaping of the car park for the Trauma Centre at Chukwuemeka Odumegwu Ojukwu University Teaching Hospital (COOUTH), Amaku, Awka, for Triseconds Resources Limited.

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Dangote Refinery Commences Free Delivery of PMS January 2026

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By Modupe Gbadeyanka

The free delivery of premium motor spirit (PMS), otherwise known as petrol, across the country by the Dangote Petroleum Refinery will finally begin in January 2026. This was earlier scheduled for August 2025

This move, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN), will bring down the price of the product in Nigeria.

The group has, therefore, urged all its members nationwide to patronise the Lagos-based private oil facility because it offers the best affordable price for all marketers.

Dangote Refinery has agreed to directly supply PMS to registered members of IPMAN, according to a statement signed and issued by the organisation’s president, Mr Abubakar Maigandi Shettima.

At a press conference held in Abuja yesterday on recent happenings in the oil and gas sector, IPMAN also applauded the support of the Chairman of Dangote Petroleum Refinery, Mr Aliko Dangote towards the federal government, which it noted has become evident in the regular reduction of the petroleum pump price.

“The association has the highest percentage of the supply chain of the PMS downstream sector, controlling over 80 per cent of the petrol retail market. We therefore declare that there will be no gap or scarcity in PMS supply to Nigerians.

“We are also excited at the recent agreement by the Dangote Refinery to begin the supply of PMS products directly to registered IPMAN members, and its free delivery to our filling stations anywhere and everywhere in Nigeria which will commence in January 2026.

“This will again, certainly lead to further decrease in the pump price of the products at our filing stations.

“Therefore, I am calling on all IPMAN members nationwide to prioritise patronising the Dangote Refinery in their purchase of PMS products, as they already offer the best affordable prize for all marketers today,” the group stated.

“At IPMAN we have no doubt as to the viability of the oil and gas policies being initiated by the federal government, and we have ceaselessly called and sought for enhanced cooperation across all levels of governance in the oil and gas sector. Hence, our repeated persuasion to always partner the Dangote refinery, to ensure the steady availability of PMS products.

“The focus of the Dangote & IPMAN partnership, has always been geared towards making life better for Nigerians. And of course, this blooming partnership would never have been possible without the pragmatic leadership of President Bola Tinubu, and his sound judgment in readjusting the leadership of the NMDPRA and the NUPRC.

“Our position has always been to deepen domestic refining in order to eradicate imports of petroleum products. Continuous import is NOT an acceptable parallel business model, because issuing import licenses recklessly distorts market dynamics, drains foreign exchange, enthrones poverty, destroys jobs, and scares potential investors away,” Mr Shettima was quoted as saying in the statement.

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Swedfund Puts Down $20m for Green Business Growth in Africa

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By Aduragbemi Omiyale

About $20 million has been put down by Swedfund to support efforts that limit climate change in Africa and help communities adapt to its effects.

The funds would be deployed by the Helios Climate, Energy, Adaptation and Resilience (CLEAR) Fund to back African companies that reduce emissions, strengthen resilience and create green jobs.

Swedfund’s investment is expected to contribute to significant cuts in greenhouse gas emissions and to help businesses and small farmers adapt to a changing climate.

The investment strengthens Swedfund’s work to drive a sustainable and inclusive green transition in Africa.

Africa contributes less than 3 per cent of global carbon emissions but faces some of the most severe climate impacts. At the same time, the continent’s energy demand is expected to triple by 2050.

Swedfund’s investment in Helios CLEAR will help channel capital to businesses that drive low-carbon growth in areas such as renewable energy, sustainable transport, climate-smart farming, efficient use of resources and digital climate solutions.

“By investing in this sector, we can reduce emissions, build resilience and create green jobs, all vital for sustainable growth that benefits more people.

“Africa currently receives only a small share of global climate investment, yet the potential for climate-smart business is enormous.

“Through Helios CLEAR we help build the next generation of African climate-focused businesses,” the Investment Director for Energy and Climate at Swedfund, Ms Gunilla Nilsson, stated.

Helios CLEAR Fund is a Pan African growth equity fund managed by Helios Investment Partners, one of Africa’s leading private equity firms.

The fund targets investments that deliver measurable climate mitigation and adaptation outcomes. The fund is supported by multiple development finance institutions.

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