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Ambode Builds 4 New Fire Stations, Saves N100b Properties

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By Dipo Olowookere

Lagos State government on Thursday said about N99.7 billion worth of properties were saved from fire incidences recorded in the State in the last one year.

Commissioner for Special Duties and Intergovernmental Relations, Mr Oluseye Oladejo, said the government stepped up its emergency apparatus to respond to fire disasters and other emergency situations.

“I can give you some information about the value of the properties saved from fire disasters and that would give an estimate total of N99.72 billion during the period under review and the estimated properties lost totals N16.62 billion,” Mr Oladejo said.

Speaking further, the Commissioner said that in line with the state government’s resolve to prevent and manage fire outbreaks across the State, Governor Ambode approved the creation of four new fire stations in the state.

“As at now, Lagos State can now boast of 14 Fire Stations across the state and all are equipped to combat fire outbreak”, he added.

Mr Oladejo said government had scaled up activities in Monitoring and Surveillance in the State and also intensified safety advocacy campaign in order to inform, educate and enlighten the public on the prevention and management of fire outbreaks.

He said the Lagos Safety Commission is saddled with the responsibility of setting safety standard for business premises, event centres, churches and other public buildings.

“They don’t have any no-go-areas to ensure that we put safety measures in place in the course of construction and the rest of it. That is the preventive part of our business. For rescue, that is the business of other agencies like Fire Service, Lagos State Emergency Management Agency (LASEMA),” he said.

Mr Oladejo, therefore, called on stakeholders to join hands with government in a bid to reduce emergency response time while also urging Lagosians to explore the limitless opportunities available on the platform of the State Command and Control Centre and continue to call the emergency toll free lines – 767 and 112 for distress calls.

“You can be assured of prompt response from these numbers on a 24-hour basis”, he said.

He said the government’s decision to replicate the Lagos Response Unit (LRU) in other locations in the State was to take the service closer to the people, noting that emergency rescue was a matter of response time and proximity of the service providers.

“So that informed the position of the government to establish one at Lekki and we are also establishing one at Ikorodu Road where we used to Bode Benson Hotel and we are also establishing one at Badagry. When you look at the spread, you would see that our intention is to take the service closer to the people. In the years ahead, we also hope to put up more structures to attend to the needs of Lagosians”, Oladejo said.

Responding to complaints as to why some members of the defunct Neighbourhood Watchers were not absorbed into the recently inaugurated Neighbourhood Safety Corps (NSC), the Commissioner explained that some were found wanting during the period of screening, adding that those who passed the screening have been employed into the Corps.

“What the Governor said was that they should be given priority and they should be examined and put through the normal screening which other applicants would also go through and they are accessed based on their mental, physical and psychological fitness to fit into the new scheme.

“You will agree with me that some of these people we are talking about are as old as 65 to 70 years and you just wonder what manner of security somebody like that would do and some were also found wanting in regards to their health status.

“Those taken on board so far constitute about 40 percent of those who were in the old neighbourhood watch, so definitely the Governor’s directive has been carried out in that regard,” he said.

He allayed fears that some politicians might have hijacked the recruitment process, noting that Governor Ambode had appointed a retired Deputy Inspector General, Israel Ajao to head the NSC so as to forestall such occurrence.

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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Watt Renewable Secures $15m Loan for Hybrid Solar Power Plants in Nigeria

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Oluwole Eweje WATT Renewable Corporation

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.

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NMDPRA Denies Restricting Gas Supply to Gencos

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ANOH Gas Plant

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.

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Power Outage in Nigeria as National Grid Collapses

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national grid collapse

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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