General
Anambra Guber: PDP Group Endorses John Emeka as Its Candidate
By Modupe Gbadeyanka
With less than two days to the PDP governorship primary election in Anambra State, the national leadership of the PDP Prayer Network has endorsed Prince John Okechukwu Emeka as its candidate for this Saturday’s election.
A statement issued by National Coordinator of the group, Mr Emmanuel Chukwu, explained that, “Our decision to endorse and mobilise supports for Prince John Emeka stemmed from the fact that he is the only person among the aspirants contesting for PDP governorship ticket for Anambra State that showed genuine concern and support to our move in seeking the face of God to end the internal crisis that threatened the existence of our great party.
“When our team visited the fair-weather members of the party who are now aspirants to solicit their support for our National Day of Prayer in February this year, they all told our team that PDP was dead and buried thinking that peace can never return to the party again.”
Mr Chukwu noted that, “Prince John Emeka is the only PDP aspirant from Anambra State that supported our members who went to the Holy Land of Jerusalem and Mecca to pray to God to end the crisis in our party and to reposition it for victory ahead of the 2019 Presidential race.
“Therefore, we are surprised to see people who did not contribute anything for the growth of the party to come and reap from where they did not sow. This is against the law of nature which says, man must reap from what he sow.
“However, it is a nationwide fact that on February 26 this year, we declared a national day of fasting and prayer for the party since all man-made solutions has failed to end the crisis.
“Because these aspirants never believed that PDP will one day return to glory let alone contributing anything towards the growth of the party both at the state and at the national level, we are asking them to withdraw and support Prince John Emeka who has what it takes to win Anambra State for the PDP ahead of the 2019 general elections.”
“We are also asking the National Working Committee members of our great party headed by our great leader, Senator Ahmed Makarfi who is the immediate beneficiary of our spiritual endeavour and services to use the power given to him by our party’s constitution to adopt Prince John Emeka as PDP Consensus candidate for Anambra State so that other party members would learn how to support the party in times of crisis,” he said.
Mr Chukwu explained that, “This will also serve as deterrent to other no-supportive members that if they contributed nothing to the party in moments of crisis, then they should expect no dividends in times of peace.
“We also call on our members in Anambra State and other loyal party faithful as well as delegates to vote for Prince John Emeka on Saturday; should these aspirants refuse to withdraw from the race.
“Our position is not a witch-hunt, but an act that will support the party’s quest for supremacy above members as well as rebuilding and repositioning it for victory in 2019 general elections.”
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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