General
Akeredolu Fumes Over Pipeline Surveillance Contract to Tompolo
By Aduragbemi Omiyale
The Governor of Ondo State, Mr Rotimi Akeredolu, has expressed shock over the award of a contract for the surveillance of oil pipelines in the Niger Delta region to a former militant leader, Mr Government Oweizide Ekpemupolo, otherwise known as Tompolo.
In a statement on Wednesday, the Governor berated the federal government for choosing to allow a non-state actor to carry heavy arms to protect the pipelines when security outfits established by state governments were not given the clearance to protect the citizens despite the serious need for this.
He questioned the type of advice given to President Muhammadu Buhari by his advisers, saying that the award of the pipeline surveillance contract to Tompolo “leaves a sour taste in the mouth.”
“The news concerning the purported award of pipeline contracts to some individuals and private organisations by the Federal Government has been unsettling. More disquieting is the barely disguised hostility displayed against either the idea or the actual establishment of security outfits by some State Governments to fill the widening gaps in the scope of security coverage noticeable nationally.
“The Federal Government, through the Office of the National Security Adviser, has been consistent in its refusal to accede to the request by some States in the Federation to strengthen the complementary initiatives adopted to protect lives and property. This is done in spite of the knowledge that the very issues which necessitated the creation of these outfits support providing adequate weaponry. All attempts to persuade the Federal Government to look, critically, into the current security architecture have been rebuffed despite the manifest fundamental defects engendered by over-centralisation.
“It is, therefore, shocking to read that the Federal Government has maintained the award of the contract to “protect” the country’s pipeline from vandals to private organisations. This story, if true, leaves a sour taste in the mouth. The NSA will, obviously, not advise the President to approve the award of a contract of such magnitude if the operators have not displayed sufficient capacity to checkmate the criminal activities of equally powerful groups. Consequently, it is safe to conclude that the Federal Government has, impliedly, permitted non-state actors to bear heavy assault weapons while denying the same privilege to the States, the federating units.
“The award of contract to private organisations to protect vandalisation of pipelines raises fundamental questions on the sincerity of the advisers of the Government on security issues. The open and seeming enthusiastic embrace of this oddity, despite the constant and consistent avowal of the readiness by the Security Agencies in particular the Navy to contain the pervasive and deepening crises of breaches and threats to lives and property, attracts the charge of insincerity bordering, deplorably, on dubiety. If the State Governments, which are keenly desirous of protecting their citizens, establish ancillary security outfits and there has been pronounced reluctance, if not outright refusal, to consider permitting them to bear arms for the sole purpose of defence, granting private individuals and or Organisations unfettered access to assault weapons suggests, curiously, deep-seated suspicion and distrust between the Federal Government and the presumed federating units.
“The engagement of private organisations to handle serious security challenges reinforces the belief that the whole defence architecture in the country needs an urgent overhaul. The Federal Government cannot be seen to be playing the Ostrich in this regard,” Mr Akeredolu said.
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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